STATE OF MISSOURI
BOARD OF
FUND COMMISSIONERS
GENERAL OBLIGATION
DEBT INFORMATION
January 1, 2013
Prepared by: Office of Administration
Division of Accounting
TABLE OF CONTENTS
Page
Summary Page - All Issues 1
Summary Page - Bond Authorization 2
Summary Page - Refunding Issues 3-4
Debt Service Schedules 5-9
Water Pollution Control Bonds (Outstanding)
Series A 2003 -Refunding 10-12
Series A 2005- Refunding 13-15
Series A 2007 16-18
Series A 2010 - Refunding 19-20
Series A 2012 - Refunding 21-22
Fourth State Building Bonds (Outstanding)
Series A 2005 - Refunding 23-25
Series A 2010 -Refunding 26-27
Series A 201 2 - Refunding 28-29
Stormwater Control Bonds (Outstanding)
Series A 2002 30-32
Series A 2005 - Refunding 33-34
Series A 2010 - Refunding 35-36
Redeemed/Retired Bonds
Water Pollution Control Bonds
Series A 1972 37-38
Series A 1 974 39-40
Series B 1974 41-42
Series A 1 977 43-44
Series A 1981 45-47
Series A 1 983 48-50
Series B 1983 51-53
Series A 1 985 54-56
Series A 1 986 57-59
Series A 1 987 - Refunding 60-62
Series B 1 987 63-65
Series A 1 989 66-68
i
Redeemed/Retired Bonds (continued)
Page
Water Pollution Control Bonds (continued)
Series A 1991 69-71
Series B 1991 - Refunding 72-74
Series C 1991 - Refunding 75-77
Series A 1 992 78-80
Series B 1 992 - Refunding 81 -83
Series A 1 993 84-86
Series B 1 993 - Refunding - - - 87-89
Series A 1 995 90-92
Series A 1996 93-95
Series A 1998 96-98
Series A 1999 99-101
Series A 2001 102-104
Series A 2002 105-107
Series B 2002 - Refunding 108-110
Third State Building Bonds
Series A 1983 111-113
Series B 1983 114-116
Series A 1984 117-119
Series A 1985 120-122
Series A 1986 123-125
Series A 1987 -Refunding 126-128
Series B 1987 129-131
Series A 1991 -Refunding 132-134
Series B 1 991 - Refunding 1 35-1 37
Series A 1992 -Refunding 138-140
Series A 1993 -Refunding 141-143
Series A 2002 -Refunding 144-146
Series A 2003 - Refunding 147-148
Fourth State Building Bonds
Series A 1995 149-151
Series A 1996 152-154
Series A 1998 155-157
Series A 2002 - Refunding 158-160
Stormwater Control Bonds
Series A 1999 161-163
Series A 2001 164-166
ii
BOARD OF FUND COMMISSIONERS
ALL ISSUES
SUMMARY PAGE
Amount
Amount
Outstanding
WstGt Pollution Control Bonds
Term
Issued
Mai in ryi Kz-ir 1 1 Oni O
Novemuer i , cxy i d.
Qarioc A 1 Q79
1 Q79 1 QQ7
i y / c.- 1 yy /
* on nnn nnn
v> £iU,UUU,UUU
oeries A I y /4
1 Q7/1 1 QQQ
i y / 4- 1 yyy
q nnn nnn
o,UUU,UUU
Qorioc R 1 Q7A
OfcJiicb d ly/^t
1 Q74 1 QQA
i y / 1 i yy*+
1 ^ nnn nnn
i o,uuu,uuu
G /-i ri i-i C A H Q~77
oeries a iy/ /
1 Q77 1 QQ7
i y / / -I yy /
Q1 ylQyl Oyin
ol ,4y4,£i4U
Series A 1981
i yo i -£iuu i
on nnn nnn
£iU,UUU,UUU
Series A 1983
1 qqq 9nno
i yoo-*iuuo
9n nnn nnn
£iU,UUU,UUU
benes b i yoo
i yoo two
1 n nnn nnn
I U,Uuu,UUU
Series A 198b
1 qp^ 9m n
on nnn nnn
£iU,UUU,UUU
Series A 1986
1 qqr oni n
i yoo-tiu i u
en nnn nnn
bU,UUU,UUU
Series A 1987 Refunding
1 qp.7 9nno
i yo / t_uuy
aq 71 c; nnn
Series B 1987
1 QQ7 9m 9
oc: nnn nnn
oo,uuu,uuu
benes a i ytsy
1 QP.Q OC\-\A
i soy tu 1 1
i*^ nnn nnn
oo,uuu,uuu
Series A 1991
i yy i -£iU i o
oc nnn nnn
00,UUU,UUU
Series B 1991 Refunding 2
1QQ1 9ni9
i yy i -£iu i <l
1 7 /iqe; nnn
1 / ,400,UUU
Series C 1991 Refunding 1
i yy i i £i
qq nnn
Oo, 0/0, UUU
Series A 1992
1 QQO Ofl1 7
i yy^-£iU i /
oc: nnn nnn
00, UUU, UUU
Series B 1992 Refunding 1
1 qqo om n
cn /iqe; nnn
OU, 400, UUU
Series A 1993
i yyo-£iUUo
on nnn nnn
oU, UUU, UUU
benes b iyyo rieTunaing
1 QQ9, 901 fi
i yyo i o
inQ 4m nnn
i uy,f i o,uuu
Series A 1995
1 qq^ 9nnc
on nnn nnn
OU, UUU, UUU
benes a i yyo
1 qqr 9nn.fi
i yyo tuuu
t=; nnn nnn
OO, UUU, UUU
Series A 1998
1 QQQ OnOQ
i yyo-^u^o
or; nnn nnn
oO, UUU, UUU
Series A 1999
1 QQQ OC\OA
i yyy-^0^4
on nnn nnn
*:U,UUU,UUU
Series A 2001 1
onm onoc
^001 -dUdo
on nnn nnn
*:U,UUU,UUU
Series A 2002
onno ono7
on nnn nnn
oU, UUU, UUU
Series B 2002 Refunding 1
onno onoi
1 a i "71 n nnn
1 4/ , / 1 U,UUU
Series A 2003 Refunding 2
onno om c
^UUo-^01
"7/ ccc nnn
/ 4, bob, UUU
1 A enc nnn
1 4,by0,U00
Series A 2005 Refunding 2
onnc oni c
nc 1 nn nnn
yo,i uu,uuu
a o q on nnn
4^,ooU,UUU
Series A 2007 2
onno onoo
cn nnn nnn
OU, UUU, UUU
1 c o cc nnn
1 b,o00,U00
oenes a ^uiu neTunaing
oni n onoo
qi /i cn nnn
Ol ,40U,UUU
qi a cn nnn
ol ,40U,UUU
oenes a duid neTunaing
oni o oni q
co yicn nnn
b<i,4bU,UUU
co /icn nnn
b<i,4bU,UUU
/ niru jiaie Duiiuing Bonos
oenes a i yoo
1QP.9 1QQ9
i yoo i yy c.
^ An nnn nnn
$ M-UjUUUjUUU
vP
oenes b i yoo
1 qrq 9nnR
i yoo c.\j\jo
t=; nnn nnn
OO, UUU, UUU
oeries A 1984
1 qra 9nna
i yo4-£iuuy
cn nnn nnn
OU, UUU, UUU
Oni^An A 1 HOC 1
oenes A lyoo
1 qrc: oni n
i yoo-£iu i u
7C nnn nnn
/ 0, UUU, UUU
Series A 1986 2
1 QQC 1 QQC
i yob-i yyb
one nnn nnn
o^0,UUU,UUU
Series A 1987 Refunding 2
1 QQ7 1 QQ7
i yo/-i yy /
1 7n 11c nnn
1 /U,l 1 0,UUU
Series B 1987
1 QQQ 1 QQ/I
i yoy-i yy4
Tc nnn nnn
/0, UUU, UUU
Series A 1991 Refunding
iqqi onm
i yyi
Q/i Q7n nnn
o4,o/U,UUU
Series B 1991 Refunding 1
1 nn 1 om o
1 yyi -d\J\ d.
"71 ncc nnn
/i , yoo, uuu
Series A 1992 Refunding 1
1 qqo om n
o7Q one nnn
d. 1 o ,^U0 ,uuu
Series A 1993 Refunding 1
1 qqq om o
i yyo-^u i d.
■i ao a on nnn
1 4o,4oU,UUU
oenes a neTunaing
onno om o
01 1 con nnn
^1 1 ,boU,UUU
benes a 20U0 Refunding
onno om o
^UUo-^UI ^
"7C ccn nnn
/0,bOU,UUU
Fourth State Building Bonds
Series A 1995 2
1 nntr onnc
& ~7cz nnn nnn
it> /o, 000,000
Series A 1996 1
1 qqc onnc
i yyb-£iinJb
1 oc nnn nnn
I £:0,00U,UUU
Series A 1998 1
1 nno onoo
i yyo-^ik;o
cn nnn nnn
00,000,000
Series A 2002 Refunding 1
onno onoi
ic^ o/n nnn
1 04,040,000
Series A 2005 Refunding 2
onnc om c
/i c oon nnn
40,ooU,UUU
qo "7cn nnn
o<i,/0U,UUU
benes a ^uiu neTunaing
om n onoo
q ncn nnn
y,ubu,uoo
q ncn nnn
y,ubu,uuu
benes a tL\}\tL neTunaing
om o onoi
1 1 n qqc nnn
1 1 o,oyo,ooo
1 1 n qqc nnn
1 1 U,oyO,OUU
Stormwater Control Bonds
Series A 1999 1
1999-2024
$ 20,000,000
$
Series A 2001 1
2001-2026
10,000,000
Series A 2002 2
2002-2027
15,000,000
1,610,000
Series A 2005 Refunding 2
2006-2015
17,175,000
10,235,000
Series A 2010 Refunding
2010-2023
15,150,000
15,150,000
1 Refunded
2 Partially Refunded
- 1 -
BOARD OF FUND COMMISSIONERS
BOND AUTHORIZATION
SUMMARY PAGE
The Board of Fund Commissioners issues four types of general obligation bonds: Water Pollution Control; Third State
Building; Fourth State Building; and Stormwater Control. The Board receives its authority to issue these bonds from the
Missouri Constitution. In addition, the Board must obtain legislative authority to issue the bonds. The following summarizes this
authority:
WATER POLLUTION CONTROL BONDS:
Legislative
Authorization Constitutional Legislative
Constitutional
Authority
As of
1/1/11
Bonds
Issued
Authority
Remaining
Authorization
Remaining
Article III, Section 37 (b)
$ 150,000,000
$
154,735,240 1
$
150,000,000
$
$
Article 1
II, Section 37 (c)
200,000,000
200,000,000
200,000,000
Article 1
II, Section 37 (e)
275,000,000
251,660,000
185,494,240
89,505,760
66,165,760
Article 1
II, Section 37 (g)
100,000,000
90,000,000
59,000,000
41,000,000
31,000,000
Total
$ 725,000,000
$
696,395,240
$
594,494,240
$
130,505,760
$ 97,165,760
1 Cumulative legislative authorization for Section 37(b) exceeded the Constitutional Authority by $4, 735,240.
THIRD STATE BUILDING BONDS:
Constitutional
Authority
Legislative
Authorization
As of
1/1/11
Bonds
Issued
Constitutional
Authority
Remaining
Article III, Section 37 (d) $ 600,000,000 $ 600,000,000 $ 600,000,000 $
$
Legislative
Authorization
Remaining
FOURTH STATE BUILDING BONDS:
Constitutional
Authority
Legislative
Authorization
As of
1/1/11
Bonds
Issued
Constitutional
Authority
Remaining
Article III, Section 37 (f) $ 250,000,000 $ 250,000,000 $ 250,000,000 $
$
Legislative
Authorization
Remaining
STORMWATER CONTROL BONDS:
Constitutional
Authority
Legislative
Authorization
As of
1/1/11
Bonds
Issued
Constitutional
Authority
Remaining
Legislative
Authorization
Remaining
Article III, Section 37 (h) $ 200,000,000 $ 180,000,000 $ 45,000,000 $ 155,000,000 $ 135,000,000
-2 -
BOARD OF FUND COMMISSIONERS
REFUNDING ISSUES
SUMMARY PAGE
To take advantage of lower interest rates, the Board of Fund Commissioners has issued bonds to refund various outstanding
bond issues. The following is a summary of the refunding bonds issued by the Board.
Amount
Date Amount Series Outstanding on Amount
Issued Issued Refunded Refund Date Refunded
WATER POLLUTION CONTROL BONDS:
Series A 1987 Refunding
8/1/1987
$
49,715,000
A 1981
B 1983
A 1985
$
16,940,000
9,625,000
19,575,000
$
16,940,000
9,625,000
19,575,000
$
46,140,000
$
46,140,000
Series B 1991 Refunding
11/1/1991
$
17,435,000
A 1983
$
17,400,000
$
16,415,000
Series C 1991 Refunding
11/1/1991
$
33,575,000
B 1987
$
33,450,000
$
30,695,000
Series B 1992 Refunding
8/1 5/1 992
$
50,435,000
A 1986
$
53,040,000
$
46,400,000
Series B 1993 Refunding
8/1/1993
$
109,415,000
A 1987 Refunding
A 1 989
A 1991
B 1991 Refunding
$
42,825,000
33,215,000
34,445,000
17,360,000
$
33,240,000
27,280,000
27,350,000
11,355,000
$
127,845,000
$
99,225,000
Series B 2002 Refunding
10/15/2002
$
147,710,000
C 1991 Refunding
A 1992
B 1992 Refunding
A 1993
A 1995
A 1996
$
21,875,000
26,560,000
33,595,000
23,295,000
25,230,000
30,025,000
$
21,875,000
26,560,000
33,595,000
22,350,000
22,520,000
25,900,000
$
160,580,000
$
152,800,000
Series A 2003 Refunding
1 0/29/2003
$
74,655,000
B 1993 Refunding
$
76,540,000
$
76,540,000
Series A 2005 Refunding
6/29/2005
$
95,100,000
A 1996
A 1998
A 1999
A 2003 Refunding
$
2,160,000
28,680,000
17,595,000
71,940,000
$
2,160,000
28,680,000
17,595,000
51,535,000
$
120,375,000
$
99,970,000
Series A 2010 Refunding
7/27/2010
$
81,450,000
A 2001
A 2002
B 2002 Refunding
A 2005 Refunding
A 2007
$
15,030,000
24,440,000
85,390,000
87,250,000
47,740,000
$
15,030,000
20,225,000
12,990,000
8,595,000
31,385,000
$
259,850,000
$
88,225,000
Series A 2012 Refunding
9/27/2012
$
62,460,000
A 2002
B 2002 Refunding
$
3,225,000
64,080,000
$
3,225,000
64,080,000
$
67,305,000
$
67,305,000
Total Water Pollution Control Bonds Refunded:
$
723,715,000
-3 -
BOARD OF FUND COMMISSIONERS
REFUNDING ISSUES
SUMMARY PAGE (CONTINUED)
Amount
Date
Issued
Amount
Issued
Series
Refunded
Outstanding on
Refund Date
Amount
Refunded
THIRD STATE BUILDING BONDS:
Series A 1 987 Refunding 8/1 /1 987
$
170,115,000
B 1983
A 1984
A 1985
$
33,675,000
48,130,000
$
33,675,000
48,130,000
73,375,000
$
155,180,000
$
155,180,000
Series A 1991 Refunding
11/1/1991
$
34,870,000
A 1983
$
34,800,000
$
32,835,000
Series B 1991 Refunding
11/1/1991
$
71,955,000
B 1987
$
71,690,000
$
65,780,000
Series A 1992 Refunding
8/15/1992
$
273,205,000
A 1986
$
287,310,000
$
251,355,000
Series A 1993 Refunding
8/1/1993
$
148,480,000
A 1987 Refunding
A 1 991 Refunding
$
146,545,000
34,705,000
$
113,725,000
22,935,000
$
181,250,000
$
136,660,000
Series A 2002 Refunding
10/15/2002
$
211,630,000
B 1991 Refunding
A 1992 Refunding
$
47,320,000
181,170,000
$
47,320,000
181,170,000
$
228,490,000
228 490 000
Series A 2003 Refunding
1 0/29/2003
$
75,650,000
A 1993 Refunding
$
79,380,000
$
79,380,000
Total Third State Building Bonds Refunded:
$
949,680,000
FOURTH STATE BUILDING BONDS:
Series A 2002 Refunding 1 0/1 5/2002
!p
1 04,o4U,UUU
a i yyo
a i yyo
$
63,070,000
107,230,000
oo,ouu,uuu
$
170,300,000
$
148,785,000
Series A 2005 Refunding
6/29/2005
$
45,330,000
A 1996
A 1 Qcie
$
7,715,000
40,970,000
$
7,715,000
$
48,685,000
$
48,685,000
Series A 2010 Refunding
7/27/2010
$
9,060,000
A 2002 Refunding
A 2005 Refunding
$
128,920,000
42,515,000
$
8,970,000
1,470,000
171,435,000
$
10,440,000
Series A 2012 Refunding
9/27/2012
$
100,395,000
A 2002 Refunding
$
110,535,000
$
110,535,000
Total Fourth State Building Bonds Refunded:
$
318,445,000
STORMWATER CONTROL BONDS:
Series A 2005 Refunding 6/29/2005
$
17,175,000
A 1999
$
17,595,000
$
17,595,000
Series A 2010 Refunding
7/27/2010
$
15,150,000
A 2001
A 2002
A 2005 Refunding
$
7,320,000
10,580,000
16,530,000
$
7,320,000
8,475,000
905,000
$
34,430,000
$
16,700,000
Total Stormwater Control Bonds Refunded:
$
34,295,000
Total Bonds Refunded
$
2,026,135,000
-4-
WATER POLLUTION CONTROL BONDS
DEBT SERVICE SCHEDULE
ALL OUTSTANDING ISSUES
AUTHORIZATION AMOUNT ISSUED: $594,494,240
REFUNDING EXCESS: ($1,765,000)
DEFEASED AMOUNT: ($80, 000)
FISCAL
TOTAL
TOTAL
ANNUAL
OUTSTANDING
YEAR
INTEREST
PRINCIPAL
DEBT SERVICE
PRINCIPAL
1973
930,188.68
570,000.00
1,500,188.68
19,430,000.00
1974
986,240.00
485,000.00
1,471,240.00
26,945,000.00
1975
1,751,569.56
705,000.00
2,456,569.56
41,240,000.00
1976
2,145,455.00
1,105,000.00
3,250,455.00
40,135,000.00
1977
2,080,357.50
1,160,000.00
3,240,357.50
70,469,240.00
1978
3,259,522.70
2,129,240.00
5,388,762.70
68,340,000.00
1979
3,405,992.50
2,240,000.00
5,645,992.50
66,100,000.00
1980
3,278,505.00
2,355,000.00
5,633,505.00
63,745,000.00
1981
3,146,440.00
2,475,000.00
5,621,440.00
81,270,000.00
1982
4,730,807.06
3,135,000.00
7,865,807.06
78,135,000.00
1983
4,694,670.00
3,165,000.00
7,859,670.00
94,970,000.00
1984
6,591,015.00
3,580,000.00
10,171,015.00
101,390,000.00
1985
6,805,965.00
3,915,000.00
10,720,965.00
117,475,000.00
1986
8,378,860.00
4,325,000.00
12,703,860.00
113,150,000.00
1987
10,567,758.28
4,650,000.00
15,217,758.28
168,500,000.00
1988
11,131,392.44
4,840,000.00
15,971,392.44
202,235,000.00
1989
13,815,388.63
6,805,000.00
20,620,388.63
195,430,000.00
1990
14,573,892.38
7,225,000.00
21,798,892.38
223,205,000.00
1991
15,275,401.13
8,240,000.00
23,515,401.13
214,965,000.00
1992
14,529,565.51
8,770,000.00
23,299,565.51
245,095,000.00
1993
16,610,720.57
10,110,000.00
26,720,720.57
274,020,000.00
1994
15,670,014.33
11,540,000.00
27,210,014.33
302,670,000.00
1995
16,312,826.27
13,690,000.00
30,002,826.27
318,980,000.00
1996
17,131,521.28
13,880,000.00
31,011,521.28
305,100,000.00
1997
17,175,506.28
14,790,000.00
31,965,506.28
325,310,000.00
1998
17,258,681.28
12,605,000.00
29,863,681.28
347,705,000.00
1999
18,152,123.78
14,210,000.00
32,362,123.78
333,495,000.00
2000
17,798,035.65
14,525,000.00
32,323,035.65
338,970,000.00
2001
17,488,317.53
15,690,000.00
33,178,317.53
343,280,000.00
2002
17,663,053.78
16,375,000.00
34,038,053.78
326,905,000.00
2003
15,878,275.62
15,325,000.00
31,203,275.62
336,490,000.00
2004
15,001,903.93
12,470,000.00
27,471,903.93
322,135,000.00
2005
14,905,332.54
13,075,000.00
27,980,332.54
304,190,000.00
2006
13,014,879.19
11,130,000.00
24,144,879.19
293,060,000.00
2007
13,626,462.52
11,735,000.00
25,361,462.52
281,325,000.00
2008
14,193,349.81
13,895,000.00
28,088,349.81
317,350,000.00
2009
14,664,012.52
14,270,000.00
28,934,012.52
303,080,000.00
2010
13,744,025.02
22,825,000.00
36,569,025.02
273,480,000.00
2011
12,298,715.85
-
12,298,715.85
273,480,000.00
2012
11,980,337.52
37,335,000.00
49,315,337.52
236,145,000.00
2013
8,737,650.99
20,615,000.00
29,352,650.99
210,685,000.00
2014
8,547,456.26
42,010,000.00
50,557,456.26
168,675,000.00
2015
6,982,318.76
32,695,000.00
39,677,318.76
135,980,000.00
2016
5,557,675.01
31,685,000.00
37,242,675.01
104,295,000.00
2017
4,248,706.26
25,865,000.00
30,113,706.26
78,430,000.00
2018
3,110,231.26
24,960,000.00
28,070,231.26
53,470,000.00
2019
2,281,631.26
12,295,000.00
14,576,631.26
41,175,000.00
2020
1,739,556.26
10,640,000.00
12,379,556.26
30,535,000.00
2021
1,241,006.26
10,355,000.00
11,596,006.26
20,180,000.00
2022
728,815.63
10,860,000.00
11,588,815.63
9,320,000.00
2023
233,000.00
9,320,000.00
9,553,000.00
TOTAL
486,055,129.59
592,649,240.00
1,078,704,369.59
-5-
THIRD STATE BUILDING BONDS
DEBT SERVICE SCHEDULE
ALL ISSUES
AUTHORIZATION AMOUNT ISSUED: $600,000,000
REFUNDING EXCESS: $36,225,000
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2006
10,925,562.50
39,195,000.00
50,120,562.50
206,880,000.00
2007
8 974 287 50
41 535 000 00
50 509 287 50
v/ \J , V/ v/ . t — W / ■ v/ V/
165 345 000 00
2008
6,981,862.50
44,015,000.00
50,996,862.50
121,330,000.00
2009
4,979,687.50
41,925,000.00
46,904,687.50
79,405,000.00
2010
3,016,187.50
36,615,000.00
39,631,187.50
42,790,000.00
2011
1,297,937.50
32,115,000.00
33,412,937.50
10,675,000.00
2012
375,631.25
5,185,000.00
5,560,631.25
5,490,000.00
2013
128,100.00
5,490,000.00
5,618,100.00
TOTAL
613,197,552.62
636,225,000.00
1,249,422,552.62
-6-
FOURTH STATE BUILDING BONDS
DEBT SERVICE SCHEDULE
ALL ISSUES
AUTHORIZATION AMOUNT ISSUED: $250,000,000
REFUNDING EXCESS: ($8,820,000)
DEFEASED AMOUNT: ($1,035, 000)
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2015
5,115,650.00
19,100,000.00
24,215,650.00
114,725,000.00
2016
4 208 900 00
20 670 000 00
24 878 900 00
94 055 000 00
2017
3,135,900.00
26,890,000.00
30,025,900.00
67,165,000.00
2018
2,054,275.00
23,815,000.00
25,869,275.00
43,350,000.00
2019
1,072,525.00
24,855,000.00
25,927,525.00
18,495,000.00
2020
420,375.00
9,455,000.00
9,875,375.00
9,040,000.00
2021
215,950.00
3,955,000.00
4,170,950.00
5,085,000.00
2022
107,025.00
4,050,000.00
4,157,025.00
1,035,000.00
2023
25,875.00
1,035,000.00
1,060,875.00
TOTAL
193,714,466.86
240,145,000.00
433,859,466.86
-7-
STORMWATER CONTROL BONDS
DEBT SERVICE SCHEDULE
ALL ISSUES
AUTHORIZATION AMOUNT ISSUED: $45,000,000
REFUNDING EXCESS: ($1,970,000)
DEFEASED AMOUNT: ($1,875,000)
FISCAL
TOTAL
TOTAL
ANNUAL
OUTSTANDING
YEAR
INTEREST
PRINCIPAL
DEBT SERVICE
PRINCIPAL
2000
541,461.88
541,461.88
20,000,000.00
2001
1,070,352.51
445,000.00
1,515,352.51
29,555,000.00
2002
1,535,101.26
695,000.00
2,230,101.26
28,860,000.00
2003
1,820,680.01
725,000.00
2,545,680.01
43,135,000.00
2004
2,093,433.76
1,095,000.00
3,188,433.76
42,040,000.00
2005
2,037,133.76
1,145,000.00
3,182,133.76
40,475,000.00
2006
1,712,090.83
650,000.00
2,362,090.83
39,825,000.00
2007
1,899,170.00
680,000.00
2,579,170.00
39,145,000.00
2008
1,821,776.25
705,000.00
2,526,776.25
36,565,000.00
2009
1 ,754,907.50
730,000.00
2,484,907.50
35,835,000.00
2010
1,702,470.00
1,405,000.00
3,107,470.00
32,880,000.00
2011
1,487,812.22
1,487,812.22
32,880,000.00
2012
1,542,450.00
2,390,000.00
3,932,450.00
30,490,000.00
2013
1,376,100.00
4,580,000.00
5,956,100.00
25,910,000.00
2014
1,152,350.00
5,015,000.00
6,167,350.00
20,895,000.00
2015
904,750.00
5,325,000.00
6,229,750.00
15,570,000.00
2016
650,400.00
5,040,000.00
5,690,400.00
10,530,000.00
2017
494,125.00
1,295,000.00
1,789,125.00
9,235,000.00
2018
427,750.00
1,360,000.00
1,787,750.00
7,875,000.00
2019
358,125.00
1,425,000.00
1,783,125.00
6,450,000.00
2020
285,125.00
1,495,000.00
1,780,125.00
4,955,000.00
2021
208,500.00
1,570,000.00
1,778,500.00
3,385,000.00
2022
128,000.00
1,650,000.00
1,778,000.00
1,735,000.00
2023
43,375.00
1,735,000.00
1,778,375.00
TOTAL
27,047,439.98
41,155,000.00
68,202,439.98
-8 -
BOARD OF FUND COMMISSIONERS
DEBT SERVICE SCHEDULE
ALL OUTSTANDING ISSUES
FISCAL
TOTAL
TOTAL
ANNUAL
OUTSTANDING
VCAP
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2017
7,878,731.26
54,050,000.00
61,928,731.26
154,830,000.00
2018
5,592,256.26
50,135,000.00
55,727,256.26
104,695,000.00
2019
3,712,281.26
38,575,000.00
42,287,281.26
66,120,000.00
2020
2,445,056.26
21,590,000.00
24,035,056.26
44,530,000.00
2021
1,665,456.26
15,880,000.00
17,545,456.26
28,650,000.00
2022
963,840.63
16,560,000.00
17,523,840.63
12,090,000.00
2023
302,250.00
12,090,000.00
12,392,250.00
TOTAL
1,320,014,589.05
1,510,174,240.00
2,830,188,829.05
-9 -
BOARD OF FUND COMMISSIONERS
WATER POLLUTION CONTROL BONDS
BONDS OUTSTANDING
BOARD OF FUND COMMISSIONERS
WATER POLLUTION CONTROL BONDS
$74,655,000 (Partially Refunded)
SERIES A 2003 REFUNDING
DATED
— October 29, 2003
SALE DATE
— October 7, 2003
INTEREST PAYMENT DATES
— - February 1 and August 1 commencing February 1 , 2004
PRINCIPAL PAYMENT DATE
August 1 commencing August 1 , 2004
TRUE INTEREST COST
2.684788%
BOND COUNSEL
-- Gilmore & Bell, PC & The Martinez Law Firm, LLC
FINANCIAL ADVISOR
Banc of America Securities, LLC & The Knight Group, Inc.
UNDERWRITER MANAGER
— - Merrill Lynch & Company
PAYING APiFNT/FRPROW AfSFNT
I IMR Rank n a nf Kancac Pitv MP)
UIVID DclMr\, II. d., Ul rXcUlbdo ^ILy, Iviv^
Maturities and Interest Rates
Year Amount
Rate Year Amount Rate
2004 $ 2,715,000
6.000% 2011 $ 5,515,000 3.250%
2005 8,040,000
4.000% 2012 5,710,000 3.500%
2006 8,410,000
5.000% 2013 4,875,000 3.500%
2007 8,850,000
5.000% 2014 5,060,000 3.750%
2008 8,615,000
5.000% 2015 2,330,000 3.875%
2009 6,825,000
5.000% 2016 2,430,000 4.000%
2010 5,280,000
5.000%
Redemption
At the option of the Board, bonds maturing on August 1, 2014 and thereafter may be called for
redemption and payment prior to maturity on August 1, 2013 and thereafter, in whole at any time or in
part on any interest payment date at 100% of the principal amount, together with accrued interest
thereon to the redemption date.
In the event of any such redemption, the Board, or the Bond Registrar acting on behalf of the
Board, shall give written notice of its intention to redeem and pay the bonds, said notice to be given by
United States first class, certified or registered mail addressed to the State Auditor of Missouri, to the
registered owner of any bond being redeemed, and to the manager of the underwriting group
purchasing the bonds, each of said notices to be mailed not less than thirty (30) days prior to the date
fixed for redemption.
- 10-
BOARD OF FUND COMMISSIONERS
WATER POLLUTION CONTROL BONDS
$74,655,000
SERIES A 2003 REFUNDING
(Partially Refunded)
Note
The Series A 2003 Refunding Bonds were issued to refund the following bonds:
Series
Outstanding
Principal
Principal
Refunded
Maturities
Refunded
B 1993 Refunding
$76,540,000
$76,540,000
2004-2016
The additional principal amount of the Series A 2003 Refunding Bonds did not decrease the
amount of the statutory authorization for the Water Pollution Control Bonds.
On June 29, 2005, $51,535,000 of outstanding Series A 2003 Refunding Bonds were refunded
with the issuance of Series A 2005 Refunding Bonds. The proceeds of the refunding bonds were
deposited in an escrow fund with UMB Bank. The money in the escrow fund is to be used to pay the
principal and interest on the Series A 2003 Refunding Bonds. With the deposit of these moneys in
the escrow fund, maturities 2005-201 1 of the Series A 2003 Refunding Bonds were legally defeased.
Defeasance
- 11 -
WATER POLLUTION CONTROL BONDS
DEBT SERVICE SCHEDULE (Refunded B1 993 Refunding)
SERIES: A 2003 REFUNDING
DATE OF ISSUE: 1 0/29/03 (FY06-FY12 refunded with Series A 2005)
AMOUNT OF ISSUE: $74,655,000
Refunding Excess:
($1,885,000.00)
CIO*"* A 1
rlbUAL
IN 1 bnbo 1
INTEREST
PRINCIPAL
ANNUAL
OUTSTANDING
YbAri
Q/-t
Oil
2/1
8/1
DEBT SERVICE
PRINCIPAL
onn a
<;UU4
846,003.89
_
846,003.89
74,655,000.00
^UUb
1 ,bOD,ii/iO.OO
1,573,775.00
2,715,000.00
5,944,000.00
20,405,000.00
^00b
0"70 OCC OC
3/3, OOb.^0
373,856.25
_
747,712.50
20,405,000.00
^00/
0"70 OCT OC
3/3, OOb.^D
373,856.25
_
747,712.50
20,405,000.00
^OOo
0"70 OC£? OC
3/3, bob.
373,856.25
_
747,712.50
20,405,000.00
^uuy
o/o,bob.£0
373,856.25
_
747,712.50
20,405,000.00
2010
373,856.25
373,856.25
747,712.50
20,405,000.00
^01 1
o"70 orrr* oc
373, 85b. <£o
373,856.25
-
747,712.50
20,405,000.00
2012
373,856.25
373,856.25
747,712.50
20,405,000.00
2013
373,856.25
273,931.25
5,710,000.00
6,357,787.50
14,695,000.00
2014
273,931.25
188,618.75
4,875,000.00
5,337,550.00
9,820,000.00
2015
188,618.75
93,743.75
5,060,000.00
5,342,362.50
4,760,000.00
2016
93,743.75
48,600.00
2,330,000.00
2,472,343.75
2,430,000.00
2017
48,600.00
2,430,000.00
2,478,600.00
TOTAL
5,250,968.75
5,641,666.39
23,120,000.00
34,012,635.14
Amount Refunded: $5 1 , 535, 000
- 12-
BOARD OF FUND COMMISSIONERS
WATER POLLUTION CONTROL BONDS
$95,100,000 (Partially Refunded)
SERIES A 2005 REFUNDING
DATED June 29, 2005
SALE DATE June 21, 2005
INTEREST PAYMENT DATES October 1 and April 1 commencing October 1 , 2005
PRINCIPAL PAYMENT DATE October 1 commencing October 1 , 2009
TRUE INTEREST COST 3.379349%
BOND COUNSEL Gilmore & Bell, PC & The Martinez Law Firm, LLC
FINANCIAL ADVISOR Columbia Capital Management, L.L.C.
UNDERWRITER MANAGER JP Morgan Securities Inc.
PAYING AGENT/ESCROW AGENT UMB Bank, n.a., of Kansas City, MO
Maturities and Interest Rates
Year Amount Rate Year Amount Rate
2009 $ 7,850,000 5.000% 2013 $ 16,710,000 5.000%
2010 8,595,000 5.000% 2014 7,865,000 5.000%
2011 29,015,000 5.000% 2015 8,165,000 5.000%
2012 6,760,000 5.000% 2016 10,140,000 5.000%
Redemption
The Water Pollution Control Series A 2005 Refunding Bonds are not subject to optional
redemption prior to maturity.
Note
The Series A 2005 Refunding Bonds were issued to refund the following bonds:
Outstanding Principal Maturities
Series Principal Refunded Refunded
A 1996 $2,160,000 $2,160,000 2005-2006
A 1998 28,680,000 28,680,000 2006-2023
A 1999 17,595,000 17,595,000 2005-2024
A 2003 Refunding 71,940,000 51,535,000 2005-2011
$99,970,000
The additional principal amount of the Series A 2005 Refunding Bonds did not decrease the
amount of the statutory authorization for the Water Pollution Control Bonds.
- 13-
BOARD OF FUND COMMISSIONERS
WATER POLLUTION CONTROL BONDS
$95,100,000 (Partially Refunded)
SERIES A 2005 REFUNDING
Defeasance
On July 27, 2010, $8,595,000 of outstanding Series A 2005 Refunding Bonds were refunded with
the issuance of Series A 2010 Refunding Bonds. The proceeds of the refunding bonds were deposited
in an escrow fund with UMB Bank. The money in the escrow fund is to be used to pay the principal
and interest on the Series A 2005 Refunding Bonds. With the deposit of these moneys in the escrow
fund, the 2010 maturities of the Series A 2005 Refunding Bonds were legally defeased.
- 14-
WATER POLLUTION CONTROL BONDS
DEBT SERVICE SCHEDULE (Refunded A96, A98, A99 & A03 (2006-201 2)
SERIES: A 2005 REFUNDING (FY1 1 refunded with Series A 2010)*
DATE OF ISSUE: 6/29/05
AMOUNT OF ISSUE: $95,100,000
Refunding Excess:
($4,870,000.00)
CI CP A 1
rlbUAL
IMTC D COX
IN I bnbo I
INTEREST
PRINCIPAL
ANNUAL
OUTSTANDING
\/r~ a d
YbAK
4/1
10/1
DEBT SERVICE
PRINCIPAL
_
_
_
95,100,000.00
^UUb
1 ,^1 o,l bb.b/
2,377,500.00
0.00
3,592,666.67
95,100,000.00
^,0/ /,oUU.UU
2,377,500.00
0.00
4,755,000.00
95,100,000.00
^UUo
o o~7"7 cnr* nn
^,0/ /,oUU.UU
2,377,500.00
0.00
4,755,000.00
95,100,000.00
^uuy
^,0/ /,OUU.UU
2,377,500.00
0.00
4,755,000.00
95,100,000.00
2010
2,377,500.00
2,181,250.00
7,850,000.00
12,408,750.00
87,250,000.00
\
1 ,yoo,o/o.UU
1,966,375.00
0.00
3,932,750.00
78,655,000.00
2012
1,966,375.00
1,241,000.00
29,015,000.00
32,222,375.00
49,640,000.00
2013
1,241,000.00
1,072,000.00
6,760,000.00
9,073,000.00
42,880,000.00
2014
1,072,000.00
654,250.00
16,710,000.00
18,436,250.00
26,170,000.00
2015
654,250.00
457 625 00
7 865 000 00
8 976 875 00
18 305 000 00
2016
457,625.00
253,500.00
8,165,000.00
8,876,125.00
10,140,000.00
2017
253,500.00
10,140,000.00
10,393,500.00
TOTAL
18,336,291.67
17,336,000.00
86,505,000.00
122,177,291.67
*
Amount Refunded:
$8,595,000
- 15-
BOARD OF FUND COMMISSIONERS
WATER POLLUTION CONTROL BONDS
$50,000,000 (Partially Refunded)
SERIES A 2007
DATED November 28, 2007
SALE DATE November 1 4, 2007
INTEREST PAYMENT DATES June 1 and December 1 commencing June 1 , 2008
PRINCIPAL PAYMENT DATE December 1 commencing December 1 , 2008
TRUE INTEREST COST 4.4556%
BOND COUNSEL Harwick Law Firm, LLC and Kutak Rock LLP
FINANCIAL ADVISOR UMB Bank, n.a.
UNDERWRITER MANAGER Wachovia Bank, National Association
PAYING AGENT UMB Bank, n.a.
AUTHORIZATION Article III, Section 37(e) - $26,000,000
Section 37(g) - $24,000,000
Maturities and Interest Rates
Year Amount
2008 $ 1,105,000
2009 1,155,000
2010 1,210,000
2011 1,265,000
2012 1,325,000
2013 1,385,000
2014 1,450,000
2015 1,515,000
2016 1,585,000
2017 1,660,000
2018 1,735,000
2019 1,815,000
2020 1,900,000
Redemption
At the option of the Board, bonds maturing on December 1, 2018 and thereafter may be called
for redemption and payment prior to maturity, on December 1, 2017 and thereafter, in whole at any
time or in part on any interest payment date, in inverse order of maturity (bonds of less than a full
maturity to be selected by lot by the Bond Registrar in such equitable manner as it shall designate), at
a redemption price equal to 100% of the principal amount thereof, together with accrued interest
thereon to the redemption date, without premium. Bonds of a particular series may be called
independently of and without regard to Bonds of the other series.
Rate
Year
Amount
Rate
5.000%
2021
$ 1,985,000
4.125%
4.000%
2022
2,075,000
4.250%
4.000%
2023
2,175,000
4.250%
4.000%
2024
2,275,000
5.000%
4.000%
2025
2,380,000
5.000%
4.000%
2026
2,485,000
5.000%
4.000%
2027
2,600,000
5.000%
4.000%
2028
2,720,000
4.500%
4.000%
2029
2,845,000
4.500%
4.000%
2030
2,980,000
4.500%
5.000%
2031
3,115,000
4.625%
4.000%
2032
3,260,000
4.625%
4.000%
- 16-
BOARD OF FUND COMMISSIONERS
WATER POLLUTION CONTROL BONDS
$50,000,000 (Partially Refunded)
SERIES A 2007
Redemption (continued)
In the event of any such redemption, the Board, or the Bond Registrar acting on behalf of the
Board, shall give written notice of its intention to redeem and pay the bonds, said notice to be given by
United States first class, certified or registered mail addressed to the State Auditor of Missouri, to the
registered owner of any bond being redeemed, and to the manager of the underwriting group
purchasing the Bonds, each of said notices to be mailed not less than thirty (30) days prior to the date
fixed for redemption.
The Bonds maturing on December 1 , 2030 (the "2030 Term Bonds") and December 1 , 2032 (the
"2032 Term Bonds") (the 2030 Term Bonds and the 2032 Term Bonds are collectively referred to as
the "Term Bonds") shall be subject to mandatory redemption and payment prior to maturity pursuant
to the mandatory redemption requirements of this paragraph at a redemption price equal to 1 00% of
the principal amount thereof plus accrued interest to the redemption date.
2030 Term Bonds
Year
2028
2029
2030*
Principal
Amount
$ 2,720,000
2,845,000
2,980,000
2032 Term Bonds
Year
2031
2032*
Final Maturity
Principal
Amount
$ 3,115,000
3,260,000
Defeasance
On July 27, 2010, $31,385,000 of outstanding Series A 2007 Bonds were refunded with the
issuance of Series A 2010 Refunding Bonds. The proceeds of the refunding bonds were deposited in
an escrow fund with UMB Bank. The money in the escrow fund is to be used to pay the principal and
interest on the Series A 2007 Bonds. With the deposit of these moneys in the escrow fund, the 2010-
201 1 and 2022-2032 maturities of the Series A 2007 Bonds were legally defeased.
- 17-
WATER POLLUTION CONTROL BONDS
DEBT SERVICE SCHEDULE (FY1 1-FY12 and FY23-FY33 refunded with Series A 2010)*
SERIES: A 2007
DATE OF ISSUE: 11/28/07
AMOUNT OF ISSUE: $50,000,000
cicr* a i
NoL/AL
MM I trito I
IMTCPCCT
IN 1 tnto 1
PDIMPIPA I
rnlNOIr AL
A MM I I A 1
AN l\UAL
UU I o I ANUIInvj
Y tAn
1 0/1
C/1
UtDl otnVIL/t
PPIMPIP A 1
1 1 OO. O/l Q 7Q
i ,\ *iy,*i4y. /y
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i ,\ iiy,£i4y. /y
c;n nnn nnn nn
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i ,Uoo,1 \ d..O\)
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OO.Q oca nn
o,^yo,oou.uu
a q qqc nnn nn
4o,oyo,UUU.UU
om n
1 noo i io cn
1 ,Uoo,1 1 ^.OU
-i ncn mo cn
1 ,UDU,U1 ^.OU
1 ,1 oo,uuu.uu
o oqq 1 oc nn
a~? ~7AC\ nnn nn
4/ , / 4U,UUU.UU
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007 nn. c co
OO/ ,U1 O.DO
007 C11 C CO
00/ ,U1 0.Do
R~7A noi oc
/ 4,Uo1 .d.0
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1 D,ooO,UUU.UU
Om o
007 nn. c co
OOf ,U1 O.DO
007 m C CO
00/ ,U1 0.Do
d~7A noi oc
/ 4,Uo1 .*iD
1 c occ nnn nn
1 D,oOO,UUU.UU
Om O
007 Hi £ CO
OO/ ,U1 O.DO
oh n chc co
ol U,Ol O.Do
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1 0.70 COI OC
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ooo Q1 C CO
c.Oc.^O 1 O.DO
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I 0,040,UUU.UU
2015
282,815.63
253,815.63
1,450,000.00
1,986,631.26
12,195,000.00
2016
253 815 63
223 515 63
1 515 000 00
1 992 331 26
10 680 000 00
2017
223,515.63
191,815.63
1,585,000.00
2,000,331.26
9,095,000.00
2018
191,815.63
158,615.63
1,660,000.00
2,010,431.26
7,435,000.00
2019
158,615.63
115,240.63
1,735,000.00
2,008,856.26
5,700,000.00
2020
115,240.63
78,940.63
1,815,000.00
2,009,181.26
3,885,000.00
2021
78,940.63
40,940.63
1,900,000.00
2,019,881.26
1,985,000.00
2022
40,940.63
1,985,000.00
2,025,940.63
TOTAL
4,861,112.56
5,602,621.72
18,615,000.00
29,078,734.28
* Amount Refunded: $31,385,000
- 18-
BOARD OF FUND COMMISSIONERS
WATER POLLUTION CONTROL BONDS
$81,450,000
SERIES A 2010 REFUNDING
DATED July 27, 2010
SALE DATE July 7, 2010
INTEREST PAYMENT DATES December 1 and June 1 commencing December 1 , 2010
PRINCIPAL PAYMENT DATE December 1 commencing December 1 , 201 2
TRUE INTEREST COST 2.338386%
BOND COUNSEL Gilmore & Bell, PC & The Martinez Law Firm, LLC
FINANCIAL ADVISOR Columbia Capital Management, L.L.C.
UNDERWRITER MANAGER JP Morgan Securities Inc.
PAYING AGENT/ESCROW AGENT UMB Bank, n.a., of St. Louis, MO
Maturities and Interest Rates
Year Amount Rate Year Amount Rate
2010 $ - - 2017 $ 7,300,000 5.000%
2011 - - 2018 7,665,000 5.000%
2012 5,830,000 4.000% 2019 8,050,000 5.000%
2013 6,065,000 4.000% 2020 8,455,000 5.000%
2014 6,310,000 5.000% 2021 8,875,000 5.000%
2015 6,625,000 5.000% 2022 9,320,000 5.000%
2016 6,955,000 5.000%
Redemption
The Water Pollution Control Series A 2010 Refunding Bonds are not subject to optional
redemption prior to maturity.
Note
The Series A 2010 Refunding Bonds were issued to refund the following bonds:
Outstanding Principal Maturities
Series Principal Refunded Refunded
A 2001 $15,030,000 $15,030,000 2011-2026
A 2002 24,440,000 20,225,000 2010-2011 2016-2027
B2002 85,390,000 12,990,000 2010
A 2005 Refunding 87,250,000 8,595,000 2010
A 2007 47,740,000 31,385,000 2010-2011 2022-2032
$88,225,000
The additional principal amount of the Series A 2010 Refunding Bonds did not decrease the
amount of the statutory authorization for the Water Pollution Control Bonds.
- 19-
WATER POLLUTION CONTROL BONDS (Refunded A01 , A02 (201 1 -201 2 & 201 7-2028), B02 (201 1 ),
DEBT SERVICE SCHEDULE A05 (201 1 ) & A07 (201 1 -201 2 & 2023-2033)
SERIES: A 2010 REFUNDING
DATE OF ISSUE:
7/27/10
AMOUNT OF ISSUE: $81,450,000
Refunding Excess:
($6,775,000)
MbUAL
IN I bribb I
INTEREST
PRINCIPAL
ANNUAL
OUTSTANDING
\/IZ A D
YbAK
1
6/1
12/1
DEBT SERVICE
PRINCIPAL
oa ^ a
^01
_
_
_
81,450,000.00
£lUl 1
h oe^ 770 oo
1 ,ODl , / /o.oo
1,976,775.00
_
3,338,553.33
81,450,000.00
OfH o
i ,y /b, / /o.ou
1,976,775.00
_
3,953,550.00
81,450,000.00
OA H O
^01 O
H fl7£J 77C n/1
1 ,y /D, / /O.OU
1,860,175.00
5,830,000.00
9,666,950.00
75,620,000.00
£lUl 4
-1 OCA H ~7C AA
1 ,obU,1 /O.OU
1,738,875.00
6,065,000.00
9,664,050.00
69,555,000.00
-) "70Q Q7C AA
1 ,/OO,0/0.UU
1,581,125.00
6,310,000.00
9,630,000.00
63,245,000.00
2016
1,581,125.00
1,415,500.00
6,625,000.00
9,621,625.00
56,620,000.00
2017
141^ non nn
1 1 J,JUU.UU
1,241,625.00
6,955,000.00
9,612,125.00
49,665,000.00
2018
1,241,625.00
1,059,125.00
7,300,000.00
9,600,750.00
42,365,000.00
2019
1,059,125.00
867,500.00
7,665,000.00
9,591,625.00
34,700,000.00
2020
867,500.00
666,250.00
8,050,000.00
9,583,750.00
26,650,000.00
2021
666,250.00
454,875.00
8,455,000.00
9,576,125.00
18,195,000.00
2022
454,875.00
233,000.00
8,875,000.00
9,562,875.00
9,320,000.00
2023
233,000.00
9,320,000.00
9,553,000.00
TOTAL
16,433,378.33
15,071,600.00
81,450,000.00
112,954,978.33
-20-
BOARD OF FUND COMMISSIONERS
WATER POLLUTION CONTROL BONDS
$62,460,000
SERIES A 2012 REFUNDING
DATED September 27, 201 2
SALE DATE September 1 1 , 201 2
INTEREST PAYMENT DATES April 1 and October 1 commencing April 1, 2013
PRINCIPAL PAYMENT DATE October 1 commencing October 1 , 201 3
TRUE INTEREST COST 0.808509%
BOND COUNSEL Gilmore & Bell, PC & The Field & Brown, LLC
FINANCIAL ADVISOR Columbia Capital Management, L.L.C.
UNDERWRITER MANAGER Bank of America Merrill Lynch
PAYING AGENT/ESCROW AGENT UMB Bank, N.A.
Maturities and Interest Rates
Year Amount Rate Year Amount Rate
2013 12,975,000 3.000% 2017 $ 16,000,000 4.000%
2014 12,010,000 4.000% 2018 2,895,000 4.000%
2015 13,050,000 4.000% 2019 775,000 3.000%
2016 4,755,000 4.000%
Redemption
The Water Pollution Control Series A 2012 Refunding Bonds are not subject to optional
redemption prior to maturity.
Note
The Series A 2012 Refunding Bonds were issued to refund the following bonds:
Outstanding Principal Maturities
Series Principal Refunded Refunded
A 2002 $3,225,000 $3,225,000 2013-2015
B2002 64,080,000 64,080,000 2012-2021
$67,305,000
The additional principal amount of the Series A 2012 Refunding Bonds did not decrease the
amount of the statutory authorization for the Water Pollution Control Bonds.
-21 -
WATER POLLUTION CONTROL BONDS
DEBT SERVICE SCHEDULE (Refunded A 2002 & B 2002)
SERIES: A 2012 REFUNDING
DATE OF ISSUE: 9/27/12
AMOUNT OF ISSUE: $62,460,000 Refunding Excess: ($4,845,000)
PIQP Al
1 IN 1 CntO 1
1 IN 1 CnCo 1
PRIMPIPAI
rnllMUIrML
AMMI 1AI
C\\ ITQTAMniMf^
kJU 1 o I MInUIINvj
VP AP
I U/ I
4/ 1
1 U/ 1
UtD I OCnVIL/C
PRIMPIPAI
2013
1,206,682.23
1,206,682.23
62,460,000.00
2014
1 180 450 00
985 825 00
12 975 000 00
15 141 275 00
49 485 000 00
2015
985,825.00
745,625.00
12,010,000.00
13,741,450.00
37,475,000.00
2016
745,625.00
484,625.00
13,050,000.00
14,280,250.00
24,425,000.00
2017
484,625.00
389,525.00
4,755,000.00
5,629,150.00
19,670,000.00
2018
389,525.00
69,525.00
16,000,000.00
16,459,050.00
3,670,000.00
2019
69,525.00
11,625.00
2,895,000.00
2,976,150.00
775,000.00
2020
11,625.00
775,000.00
786,625.00
TOTAL
3,867,200.00
3,893,432.23
62,460,000.00
70,220,632.23
-22-
BOARD OF FUND COMMISSIONERS
FOURTH STATE BUILDING BONDS
BONDS OUTSTANDING
BOARD OF FUND COMMISSIONERS
FOURTH STATE BUILDING BONDS
$45,330,000 (Partially Refunded)
SERIES A 2005 REFUNDING
DATED June 29, 2005
SALE DATE June 21, 2005
INTEREST PAYMENT DATES October 1 and April 1 commencing October 1 , 2005
PRINCIPAL PAYMENT DATE October 1 commencing October 1 , 2009
TRUE INTEREST COST 3.379349%
BOND COUNSEL Gilmore & Bell, PC & The Martinez Law Firm, LLC
FINANCIAL ADVISOR Columbia Capital Management, L.L.C.
UNDERWRITER MANAGER JP Morgan Securities Inc.
PAYING AGENT/ESCROW AGENT UMB Bank, n.a., of Kansas City, MO
Maturities and Interest Rates
Year Amount Rate Year Amount Rate
2009 $ 1,780,000 5.000% 2013 $ - 5.000%
2010 2,505,000 5.000% 2014 9,900,000 5.000%
2011 - 5.000% 2015 10,935,000 5.000%
2012 8,295,000 5.000% 2016 11,915,000 5.000%
Redemption
The Fourth State Building Series A 2005 Refunding Bonds are not subject to optional redemption
prior to maturity.
Note
The Series A 2005 Refunding Bonds were issued to refund the following bonds:
Maturities
Refunded
Outstanding
Principal
Series
Principal
Refunded
A 1996
$7,715,000
$7,715,000
A 1998
40,970,000
40,970,000
$48,685,000
$48,685,000
2005- 2006
2006- 2023
The additional principal amount of the Series A 2005 Refunding Bonds did not decrease the
amount of the statutory authorization for the Fourth State Building Bonds.
-23-
BOARD OF FUND COMMISSIONERS
FOURTH STATE BUILDING BONDS
$45,330,000 (Partially Refunded)
SERIES A 2005 REFUNDING
Defeasance
On September 25, 2008, $1,035,000 of outstanding Series A 2005 Refunding Bonds were legally
defeased.
On July 27, 2010, $1 ,470,000 of outstanding Series A 2005 Refunding Bonds were refunded with
the issuance of Series A 2010 Refunding Bonds. The proceeds of the refunding bonds were deposited
in an escrow fund with UMB Bank. The money in the escrow fund is to be used to pay the principal
and interest on the Series A 2005 Refunding Bonds. With the deposit of these moneys in the escrow
fund, the 2010 maturities of the Series A 2005 Refunding Bonds were legally defeased.
-24-
FOURTH STATE BUILDING BONDS
(Refunded A96, A98)
DEBT SERVICE SCHEDULE
(FY1 1 refunded with Series A 2010)*
SERIES: A 2005 REFUNDING
(FY1 1 was partially defeased in FY2009)"
DATE ISSUED
: 6/29/05
AMOUNT OF ISSUE: $45,330,000
Refunding Excess:
($3,355,000)
rloUAL
IMTC D COX
IN I bnbo I
INTEREST
PRINCIPAL
ANNUAL
OUTSTANDING
YbAK
4/1
10/1
DEBT SERVICE
PRINCIPAL
_
45,330,000.00
^UUb
D/y,d\ b.b/
1,133,250.00
_
1,712,466.67
45,330,000.00
1,133,250.00
2,266,500.00
45,330,000.00
^UUo
1 ,1 oo, ^OU.UU
1,133,250.00
_
2,266,500.00
45,330,000.00
^uuy
1 ,1 U/,o/O.UU
1,107,375.00
2,214,750.00
44,295,000.00
2010
1,107,375.00
1,062,875.00
1,780,000.00
3,950,250.00
41,045,000.00
1 ,U^:o,1 ^o.UU
1,026,125.00
-
2,052,250.00
41,045,000.00
2012
1,026,125.00
1,026,125.00
2,052,250.00
41,045,000.00
2013
1,026,125.00
818,750.00
8,295,000.00
10,139,875.00
32,750,000.00
a a ^ <i
<i01 4
OHO 7C A AA
818,750.00
818,750.00
1,637,500.00
32,750,000.00
81 8, /OU.UU
571,250.00
9,900,000.00
11,290,000.00
22,850,000.00
2016
571,250.00
297,875.00
10,935,000.00
11,804,125.00
11,915,000.00
2017
297,875.00
11,915,000.00
12,212,875.00
TOTAL
10,645,466.67
10,128,875.00
42,825,000.00
63,599,341.67
*
Refunded Amount:
$1,470,000
**
Defeased Amount:
$1,035,000
-25-
BOARD OF FUND COMMISSIONERS
FOURTH STATE BUILDING BONDS
$9,060,000
SERIES A 2010 REFUNDING
DATED July 27, 2010
SALE DATE July 7, 2010
INTEREST PAYMENT DATES December 1 and June 1 commencing December 1 , 2010
PRINCIPAL PAYMENT DATE December 1 commencing December 1 , 201 2
TRUE INTEREST COST 2.338386%
BOND COUNSEL Gilmore & Bell, PC & The Martinez Law Firm, LLC
FINANCIAL ADVISOR Columbia Capital Management, L.L.C.
UNDERWRITER MANAGER JP Morgan Securities Inc.
PAYING AGENT/ESCROW AGENT UMB Bank, n.a., of St. Louis, MO
Maturities and Interest Rates
Year Amount Rate Year Amount Rate
2010 $ - - 2017 $ 815,000 5.000%
2011 - - 2018 855,000 5.000%
2012 650,000 4.000% 2019 895,000 5.000%
2013 675,000 4.000% 2020 940,000 5.000%
2014 700,000 5.000% 2021 985,000 5.000%
2015 735,000 5.000% 2022 1,035,000 5.000%
2016 775,000 5.000%
Redemption
The Fourth State Building Bonds Series A 2010 Refunding Bonds are not subject to optional
redemption prior to maturity.
Note
The Series A 2010 Refunding Bonds were issued to refund the following bonds:
Outstanding Principal Maturities
Series Principal Refunded Refunded
A 2002 Refunding $128,920,000 $8,970,000 2010
A 2005 Refunding 42,515,000 1,470,000 2010
$171,435,000 $10,440,000
The additional principal amount of the Series A 2010 Refunding Bonds did not decrease the
amount of the statutory authorization for the Fourth State Building Bonds.
-26-
FOURTH STATE BUILDING BONDS (Refunded FY1 1 A02 & A05)
DEBT SERVICE SCHEDULE
SERIES: A 2010 REFUNDING
DATE ISSUED: 7/27/10
AMOUNT OF ISSUE: $9,060,000
Refunding Excess:
($1,380,000)
rloUAL
IMTC D COX
IN I bnbo I
INTEREST
PRINCIPAL
ANNUAL
OUTSTANDING
YbAK
HO/1
6/1
12/1
DEBT SERVICE
PRINCIPAL
OA1 H
h c h a en A A
1 01 ,4by.44
219,875.00
_
371,344.44
9,060,000.00
o/n o
OHfl 0~7C AA
219,875.00
_
439,750.00
9,060,000.00
o/n o
d\J\ o
O H A 0~7C AA
206,875.00
650,000.00
1,076,750.00
8,410,000.00
OrtH A
4
one Q~7C AA
193,375.00
675,000.00
1,075,250.00
7,735,000.00
H AO Q"7C AA
175,875.00
700,000.00
1,069,250.00
7,035,000.00
2016
175,875.00
157,500.00
735,000.00
1,068,375.00
6,300,000.00
1 0/ ,ouO.UU
138,125.00
775,000.00
1,070,625.00
5,525,000.00
2018
138,125.00
117,750.00
815,000.00
1,070,875.00
4,710,000.00
2019
117,750.00
96,375.00
855,000.00
1,069,125.00
3,855,000.00
2020
96,375.00
74,000.00
895,000.00
1,065,375.00
2,960,000.00
2021
74,000.00
50,500.00
940,000.00
1,064,500.00
2,020,000.00
2022
50,500.00
25,875.00
985,000.00
1,061,375.00
1,035,000.00
2023
25,875.00
1,035,000.00
1,060,875.00
TOTAL
1,827,469.44
1,676,000.00
9,060,000.00
12,563,469.44
-27-
BOARD OF FUND COMMISSIONERS
FOURTH STATE BUILDING BONDS
$100,395,000
SERIES A 2012 REFUNDING
DATED September 27, 201 2
SALE DATE September 1 1 , 201 2
INTEREST PAYMENT DATES April 1 and October 1 commencing April 1 , 201 3
PRINCIPAL PAYMENT DATE October 1 commencing October 1 , 201 3
TRUE INTEREST COST 0.808509%
BOND COUNSEL Gilmore & Bell, PC & The Field & Brown, LLC
FINANCIAL ADVISOR Columbia Capital Management, L.L.C.
UNDERWRITER MANAGER Bank of America Merrill Lynch
PAYING AGENT/ESCROW AGENT UMB Bank, N.A.
Maturities and Interest Rates
Year Amount Rate Year Amount Rate
2013 $ 7,055,000 3.000% 2018 $ 24,000,000 4.000%
2014 8,500,000 4.000% 2019 8,560,000 3.000%
2015 9,000,000 4.000% 2020 3,015,000 2.000%
2016 14,200,000 4.000% 2021 3,065,000 2.000%
2017 23,000,000 4.000%
Redemption
The Fourth State Building Bonds Series A 2012 Refunding Bonds are not subject to optional
redemption prior to maturity.
Note
The Series A 2012 Refunding Bonds were issued to refund the following bonds:
Outstanding Principal Maturities
Series Principal Refunded Refunded
A 2002 Refunding $110,535,000 $110,535,000 2012-2021
The additional principal amount of the Series A 2012 Refunding Bonds did not decrease the
amount of the statutory authorization for the Fourth State Building Bonds.
-28-
FOURTH STATE BUILDING BONDS (Refunded A02)
DEBT SERVICE SCHEDULE
SERIES: A 2012 REFUNDING
DATE ISSUED:
9/27/12
AMOUNT OF ISSUE: $100,395,000
Refunding Excess:
($10,140,000)
rlbOAL
IN 1 tKto 1
INTEREST
PRINCIPAL
ANNUAL
OUTSTANDING
YEAR
10/1
4/1
10/1
DEBT SERVICE
PRINCIPAL
^013
1,910,558.89
1,910,558.89
100,395,000.00
1 ,oby,u*;o.UU
1,763,200.00
7,055,000.00
10,687,225.00
93,340,000.00
2015
1,763,200.00
1,593,200.00
8,500,000.00
11,856,400.00
84,840,000.00
1 ,J3U,tuU.UU
1,413,200.00
9,000,000.00
12,006,400.00
75,840,000.00
2017
1,413,200.00
1,129,200.00
14,200,000.00
16,742,400.00
61,640,000.00
2018
1,129,200.00
669,200.00
23,000,000.00
24,798,400.00
38,640,000.00
2019
669,200.00
189,200.00
24,000,000.00
24,858,400.00
14,640,000.00
2020
189,200.00
60,800.00
8,560,000.00
8,810,000.00
6,080,000.00
2021
60,800.00
30,650.00
3,015,000.00
3,106,450.00
3,065,000.00
2022
30,650.00
3,065,000.00
3,095,650.00
TOTAL
8,717,675.00
8,759,208.89
100,395,000.00
117,871,883.89
-29-
BOARD OF FUND COMMISSIONERS
STORMWATER CONTROL BONDS
BONDS OUTSTANDING
BOARD OF FUND COMMISSIONERS
STORMWATER CONTROL BONDS
$15,000,000 (Partially Refunded)
SERIES A 2002
DATED August 1 , 2002
SALE DATE August 6, 2002
INTEREST PAYMENT DATES February 1 and August 1 commencing February 1 , 2003
PRINCIPAL PAYMENT DATE August 1 commencing August 1 , 2003
TRUE INTEREST COST 4.5091 32%
BOND COUNSEL Hardwick Law Firm, LLC and McDowell, Rice,
Smith & Gaar, PC
FINANCIAL ADVISOR UMB Bank, N.A.
UNDERWRITER MANAGER Banc of America Securities, LLC
PAYING AGENT UMB Bank, n.a., of Kansas City, MO
AUTHORIZATION Article III, Section 37(h)
Maturities and Interest Rates
Year Amount
2003 $ 345,000
2004 365,000
2005 380,000
2006 400,000
2007 415,000
2008 430,000
2009 445,000
2010 460,000
201 1 475,000
2012 495,000
2013 515,000
2014 535,000
2015 560,000
Redemption
At the option of the Board, bonds maturing on August 1, 2013 and thereafter may be called for
redemption and payment prior to maturity on August 1, 2012 and thereafter, in whole at any time or in
part on any interest payment date at 100% of the principal amount, together with accrued interest
thereon to the redemption date.
In the event of any such redemption, the Board, or the Bond Registrar acting on behalf of the
Board, shall give written notice of its intention to redeem and pay the bonds, said notice to be given by
United States first class, certified or registered mail addressed to the State Auditor of Missouri, to the
registered owner of any bond being redeemed, and to the manager of the underwriting group
purchasing the bonds, each of said notices to be mailed not less than thirty (30) days prior to the date
fixed for redemption.
Rate
Year
3.000%
2016
3.000%
2017
3.000%
2018
3.000%
2019
3.250%
2020
3.500%
2021
3.500%
2022
3.500%
2023
3.625%
2024
4.000%
2025
4.000%
2026
4.000%
2027
4.250%
Amount
Rate
$ 585,000
5.250%
610,000
4.250%
640,000
4.250%
670,000
4.375%
700,000
4.500%
735,000
4.625%
770,000
4.875%
810,000
4.750%
850,000
4.750%
890,000
4.750%
935,000
5.000%
985,000
5.000%
-30-
BOARD OF FUND COMMISSIONERS
STORMWATER CONTROL BONDS
$15,000,000 (Partially Refunded)
SERIES A 2002
Defeasance
On August 1 , 2007, $1 ,640,000 of outstanding Series A 2002 Bonds were legally defeased. This
was the defeasance of the 2027 maturities and partial defeasance of the 2026 maturities.
On July 27, 2010, $8,475,000 of outstanding Series A 2002 Bonds were refunded with the
issuance of Series A 2010 Refunding Bonds. The proceeds of the refunding bonds were deposited in
an escrow fund with UMB Bank. The money in the escrow fund is to be used to pay the principal and
interest on the Series A 2002 Bonds. With the deposit of these moneys in the escrow fund, the 2010-
201 1 and 2016-2026 maturities of the Series A 2002 Bonds were legally defeased.
-31 -
STORMWATER CONTROL BONDS
DEBT SERVICE SCHEDULE (FY 11 -FY1 2 and FY17-FY27 refunded with Series A 2010)*
SERIES: A 2002 (FY28 and partial of FY27 were defeased in FY2008)**
DATE ISSUED: 8/1/02
AMOUNT OF ISSUE: $15,000,000
FISCAL
INTEREST
INTEREST
PRINCIPAL
ANNUAL
OUTSTANDING
YEAR
8/1
2/1
8/1
DEBT SERVICE
PRINCIPAL
2003
-
320,518.75
-
320,518.75
15,000,000.00
2004
320,518.75
315,343.75
345,000.00
980,862.50
14,655,000.00
2005
315,343.75
309,868.75
365,000.00
990,212.50
14,290,000.00
2006
309,868.75
304,168.75
380,000.00
994,037.50
13,910,000.00
2007
304,168.75
298,168.75
400,000.00
1,002,337.50
13,510,000.00
2008
298,168.75
250,425.00
415,000.00
963,593.75
11,455,000.00
2009
250,425.00
242,900.00
430,000.00
923,325.00
11,025,000.00
2010
242,900.00
235,112.50
445,000.00
923,012.50
2,105,000.00
2011
42,800.00
42,800.00
85,600.00
2,105,000.00
2012
42,800.00
42,800.00
85,600.00
2,105,000.00
2013
42,800.00
32,900.00
495,000.00
570,700.00
1,610,000.00
2014
32,900.00
22,600.00
515,000.00
570,500.00
1,095,000.00
2015
22,600.00
11,900.00
535,000.00
569,500.00
560,000.00
2016
11,900.00
560,000.00
571,900.00
TOTAL
2,237,193.75
2,429,506.25
4,885,000.00
9,551,700.00
Refunded Amount: $8,475,000
Defeased Amount: $1,640, 000
-32-
BOARD OF FUND COMMISSIONERS
STORMWATER CONTROL BONDS
$1 7,1 75,000 (Partially Refunded)
SERIES A 2005 REFUNDING
DATED June 29, 2005
SALE DATE June 21, 2005
INTEREST PAYMENT DATES October 1 and April 1 commencing October 1 , 2005
PRINCIPAL PAYMENT DATE October 1 commencing October 1 , 2009
TRUE INTEREST COST 3.379349%
BOND COUNSEL Gilmore & Bell, PC & The Martinez Law Firm, LLC
FINANCIAL ADVISOR Columbia Capital Management, LLC.
UNDERWRITER MANAGER JP Morgan Securities Inc.
PAYING AGENT/ESCROW AGENT ----- UMB Bank, n.a., of Kansas City, MO
Maturities and Interest Rates
Year Amount Rate Year Amount Rate
2009 $ 645,000 5.000% 2013 $ 3,370,000 5.000%
2010 905,000 5.000% 2014 3,615,000 5.000%
2011 2,390,000 5.000% 2015 3,250,000 5.000%
2012 3,000,000 5.000%
Redemption
The Stormwater Control Series A 2005 Refunding Bonds are not subject to optional redemption
prior to maturity.
Note
The Series A 2005 Refunding Bonds were issued to refund the following bonds:
Outstanding Principal Maturities
Series Principal Refunded Refunded
A 1999 $17,595,000 $17,595,000 2005-2024
The additional principal amount of the Series A 2005 Refunding Bonds did not decrease the
amount of the statutory authorization for the Stormwater Control Bonds.
On July 27, 2010, $905,000 of outstanding Series A 2005 Refunding Bonds were refunded with
the issuance of Series A 2010 Refunding Bonds. The proceeds of the refunding bonds were deposited
in an escrow fund with UMB Bank. The money in the escrow fund is to be used to pay the principal
and interest on the Series A 2005 Refunding Bonds. With the deposit of these moneys in the escrow
fund, the 2010 maturities of the Series A 2005 Refunding Bonds were legally defeased.
-33-
STORMWATER CONTROL BONDS
DEBT SERVICE SCHEDULE Refunded A 1 999
SERIES: A 2005 Refunding (FY1 1 refunded with Series A 2010)*
DATE ISSUED: 6/29/05
AMOUNT OF ISSUE: $17,175,000 Refunding Excess: ($420,000)
cicr* a i
NoL/AL
IN I tnto I
MM 1 tnto 1
PDIMPIPAI
rnlNOIr AL
A MM I I A 1
AN l\UAL
C\\ ITCTAMniMP
UU I o 1 ANUIlNLa
Y tAn
1 n/1
1 u/1
A /1
4/1
1 n/1
1 U/1
UtDl otnVIL/t
PPIMPIP A 1
r rtlNOIr AL
1 7 1 ~7R nnn nn
1 /,1 /0,UUU.UU
<iUUo
01 Q A £Q
ca y,40o. OO
AOQ '37£ nn
D4o, ooo.oo
17 1 7£ r\c\r\ nn
1 /,1 /0,UUU.UU
AOQ Q7£ nn
AOQ '37£ nn
4^y,o / O.UU
qcq 7cn nn
oOo, / OU.UU
171 7£ nnn nn
1 /,1 /0,UUU.UU
onno
aoq Q7c; nn
4*iy,o / o.uu
AOQ nn
4^iy,o / O.UU
o^q 7^n nn
oOo, / OU.UU
171 nnn nn
I / , I / o,uuu.uu
2009
429,375.00
429,375.00
858,750.00
17,175,000.00
2010
429 375 00
413 250 00
645 000 00
1 487 625 00
16 530 000 00
1 w j www jUWV.V/l/
2011
390,625.00
390,625.00
781,250.00
16,530,000.00
2012
390,625.00
330,875.00
2,390,000.00
3,111,500.00
14,140,000.00
2013
330,875.00
255,875.00
3,000,000.00
3,586,750.00
11,140,000.00
2014
255,875.00
171,625.00
3,370,000.00
3,797,500.00
7,770,000.00
2015
171,625.00
81,250.00
3,615,000.00
3,867,875.00
4,155,000.00
2016
81,250.00
3,250,000.00
3,331,250.00
905,000.00
TOTAL
3,557,833.33
3,361,000.00
16,270,000.00
23,188,833.33
Amount Refunded: $905,000
- 34-
BOARD OF FUND COMMISSIONERS
STORMWATER CONTROL BONDS
$15,150,000
SERIES A 2010 REFUNDING
DATED July 27, 2010
SALE DATE July 7, 2010
INTEREST PAYMENT DATES December 1 and June 1 commencing December 1 , 2010
PRINCIPAL PAYMENT DATE December 1 commencing December 1 , 201 2
TRUE INTEREST COST 2.338386%
BOND COUNSEL Gilmore & Bell, PC & The Martinez Law Firm, LLC
FINANCIAL ADVISOR Columbia Capital Management, L.L.C.
UNDERWRITER MANAGER JP Morgan Securities Inc.
PAYING AGENT/ESCROW AGENT UMB Bank, n.a., of St. Louis, MO
Maturities and Interest Rates
Year Amount Rate Year Amount Rate
2010 $ - - 2017 $ 1,360,000 5.000%
2011 - - 2018 1,425,000 5.000%
2012 1,085,000 4.000% 2019 1,495,000 5.000%
2013 1,130,000 4.000% 2020 1,570,000 5.000%
2014 1,175,000 5.000% 2021 1,650,000 5.000%
2015 1,230,000 5.000% 2022 1,735,000 5.000%
2016 1,295,000 5.000%
Redemption
The Stormwater Control Bonds Series A 2010 Refunding Bonds are not subject to optional
redemption prior to maturity.
Note
The Series A 2010 Refunding Bonds were issued to refund the following bonds:
Outstanding Principal Maturities
Series Principal Refunded Refunded
A 2001 $7,320,000 $7,320,000 2011-2026
A 2002 10,580,000 8,475,000 2010-2011 2016-2026
A 2005 Refunding 16,530,000 905,000 2010
$34,430,000 $16,700,000
The additional principal amount of the Series A 2010 Refunding Bonds did not decrease the
amount of the statutory authorization for the Stormwater Control Bonds.
-35-
STORMWATER CONTROL BONDS
DEBT SERVICE SCHEDULE
SERIES: A 2010 REFUNDING
DATE ISSUED: 7/27/10
AMOUNT OF ISSUE: $15,150,000 Refunding Excess:
LTICr 1 A 1
NoL/AL
MM 1 trito 1
MM 1 tnto 1
PDIMPIPA I
rnlNOIr AL
Y tAn
1 0/1
D/l
■\oi-\
\dl\
on 1 n
d\)\ U
d\)\ \
d.oo,do I .dd.
oo/,O/0.UU
d\)\ c.
oc7 eve nn
OO/ ,o / O.UU
OO / ,0 / O.UU
d\)\ o
oc7 eve nn
OO/ ,o / O.UU
o4o,y /o.uu
-\ noc c\c\c\ nn
\ ,UoO,UUU.UU
d\)\ 4
o40,y /O.UU
OOO Q7C nn
0^:0,0 /O.UU
1 1 on nnn nn
1 ,\ oU,UUU.UU
dX) I o
ooo 07c. nn
OQ/i nnn nn
*iy<+,uuu.uu
1 1 7C nnn nn
1,1/ o,uuu.uu
2016
294,000.00
263,250.00
1,230,000.00
2017
263 250 00
230 875 00
1 295 000 00
2018
230,875.00
196,875.00
1,360,000.00
2019
196,875.00
161,250.00
1,425,000.00
2020
161,250.00
123,875.00
1,495,000.00
2021
123,875.00
84,625.00
1,570,000.00
2022
84,625.00
43,375.00
1,650,000.00
2023
43,375.00
1,735,000.00
TOTAL
3,056,112.22
2,802,825.00
15,150,000.00
($1,550,000)
A M M t I A 1
ANNUAL
UU I o I ANUINU
UtD 1 bbriVlUb
□ DIMOIDAI
rrilNL-lrAL
-1 C H CO OOO OO
1 0,1 OU,UOO.UU
coo oco oo
-1 C H CO OOO OO
1 o,1 oU,U00.UU
70C OCO AO
/ oo,ooU.UU
-1 C H CO OOO OO
1 0,1 00,000. UU
-1 7flO CCO OO
1 ,/yo,boO.UU
-1 yl OCC OOO OO
1 4,Ubo,U00.UU
-1 "700 OCO OO
i ,/yy,ooo.uu
-i o ooc ooo oo
i ^,yoo,oou.uu
i "700 Q"7C OO
1 1 7cn ooo on
1 1 , /bU,UUU.UU
1,787,250.00
10,530,000.00
1,789,125.00
9,235,000.00
1,787,750.00
7,875,000.00
1,783,125.00
6,450,000.00
1,780,125.00
4,955,000.00
1,778,500.00
3,385,000.00
1,778,000.00
1,735,000.00
1,778,375.00
21,008,937.22
-36-
BOARD OF FUND COMMISSIONERS
REDEEMED/RETIRED BONDS
BOARD OF FUND COMMISSIONERS
WATER POLLUTION CONTROL BONDS
$20,000,000
SERIES A 1972
DATED July 1,1972
SALE DATE July 20, 1972
INTEREST PAYMENT DATES December 1 and June 1 commencing June 1 , 1 973
PRINCIPAL PAYMENT DATE June 1 commencing June 1 , 1973
TRUE INTEREST COST 4.6941%
BOND COUNSEL Stinson, Mag, Thomson, McEvers & Fizzell
FINANCIAL ADVISOR None
UNDERWRITER MANAGER E. F. Hutton & Company, Inc. and
A. B. Becker & Co., Inc.
PAYING AGENT Boatmen's National Bank of St. Louis (formerly
General Bank, St. Louis, formerly Bank of
St. Louis) and Chase Manhattan Bank, N.A.
AUTHORIZATION Article III, Section 37(b)
Maturities and Interest Rates
Year
Amount
Rate
Year
Amount
Rate
1973
$ 570,000
5.00%
1986
$ 795,000
6.00%
1974
485,000
6.00%
1987
830,000
4.90%
1975
505,000
6.00%
1988
865,000
4.75%
1976
525,000
6.00%
1989
900,000
4.75%
1977
545,000
6.00%
1990
940,000
4.90%
1978
570,000
6.00%
1991
980,000
4.90%
1979
595,000
6.00%
1992
1,020,000
5.00%
1980
620,000
6.00%
1993
1,065,000
5.00%
1981
645,000
6.00%
1994
1,110,000
5.00%
1982
675,000
6.00%
1995
1,155,000
5.00%
1983
700,000
6.00%
1996
1,205,000
5.00%
1984
730,000
6.00%
1997
1,205,000
0.05%
1985
765,000
6.00%
Redemption
Bonds maturing in the year 1 988 and thereafter are subject to redemption at the option of the
State on June 1, 1987 or on any interest payment date thereafter at the principal amount thereof
together with accrued interest to date fixed for redemption, in inverse order of maturity, bonds of less
than a full maturity to be selected by lot by the paying agent in such equitable manner as it may
designate. Notice of any such redemption shall be given by publication at least twice in a financial
journal or newspaper of general circulation published or of general circulation in New York, New York,
the first of which shall be published not less than 30 days prior to the redemption date and in the case
of the redemption of bonds or as to principal and interest as hereinafter provided, upon mailing a copy
of said notice of redemption by first class mail at least 30 days prior to the redemption date to the
owner of each bond to be redeemed at the address shown on the registration books.
-37-
WATER POLLUTION CONTROL BONDS
DEBT SERVICE SCHEDULE
SERIES: A 1972
DATE ISSUED: 7/1/72
AMOUNT ISSUED: $20,000,000
FISCAL
INTEREST
INTEREST
PRINCIPAL
ANNUAL
OUTSTANDING
YEAR
12/1
6/1
6/1
DEBT SERVICE
PRINCIPAL
1973
-
930,188.68
570,000.00
1,500,188.68
19,430,000.00
1974
493,120.00
493,120.00
485,000.00
1,471,240.00
18,945,000.00
1975
478,570.00
478,570.00
505,000.00
1,462,140.00
18,440,000.00
1976
463,420.00
463,420.00
525,000.00
1,451,840.00
17,915,000.00
1977
447,670.00
447,670.00
545,000.00
1,440,340.00
17,370,000.00
1978
431,320.00
431,320.00
570,000.00
1,432,640.00
16,800,000.00
1979
414,220.00
414,220.00
595,000.00
1 ,423,440.00
16,205,000.00
1980
396,370.00
396,370.00
620,000.00
1,412,740.00
15,585,000.00
1981
377,770.00
377,770.00
645,000.00
1,400,540.00
14,940,000.00
1982
358,420.00
358,420.00
675,000.00
1,391,840.00
14,265,000.00
1983
338,170.00
338,170.00
700,000.00
1,376,340.00
13,565,000.00
1984
317,170.00
317,170.00
730,000.00
1 ,364,340.00
12,835,000.00
1985
295,270.00
295,270.00
765,000.00
1,355,540.00
12,070,000.00
1986
272,320.00
272,320.00
795,000.00
1,339,640.00
11,275,000.00
1987
248,470.00
248,470.00
830,000.00
1,326,940.00
10,445,000.00
1988
228,135.00
228,135.00
865,000.00
1,321,270.00
9,580,000.00
1989
207,591.25
207,591.25
900,000.00
1,315,182.50
8,680,000.00
1990
186,216.25
186,216.25
940,000.00
1,312,432.50
7,740,000.00
1991
163,186.25
163,186.25
980,000.00
1,306,372.50
6,760,000.00
1992
139,176.25
139,176.25
1,020,000.00
1,298,352.50
5,740,000.00
1993
113,676.25
113,676.25
1,065,000.00
1,292,352.50
4,675,000.00
1994
87,051.25
87,051.25
1,110,000.00
1,284,102.50
3,565,000.00
1995
59,301.25
59,301.25
1,155,000.00
1,273,602.50
2,410,000.00
1996
30,426.25
30,426.25
1,205,000.00
1,265,852.50
1,205,000.00
1997
301.25
301.25
1,205,000.00
1,205,602.50
TOTAL
6,547,341.25
7,477,529.93
20,000,000.00
34,024,871.18
-38-
BOARD OF FUND COMMISSIONERS
WATER POLLUTION CONTROL BONDS
$8,000,000
SERIES A 1974
DATED March 1 , 1 974
SALE DATE April 4, 1974
INTEREST PAYMENT DATES August 1 and February 1 commencing August 1 , 1974
PRINCIPAL PAYMENT DATE February 1 commencing February 1 , 1975
TRUE INTEREST COST 5.18872%
BOND COUNSEL Stinson, Mag, Thomson, McEvers & Fizzell
FINANCIAL ADVISOR None
UNDERWRITER MANAGER First National Bank in St. Louis
PAYING AGENT Bank of New York (acquired Boatmen's 8/97)
Boatmen's National Bank of St. Louis (formerly
General Bank, St. Louis, formerly Bank of
St. Louis) and Chase Manhattan Bank, N.A.
AUTHORIZATION Article III, Section 37(b)
Maturities and Interest Rates
Year Amount
1975 $ 200,000
1976 175,000
1977 185,000
1978 195,000
1979 205,000
1980 215,000
1981 225,000
1982 235,000
1983 245,000
1984 260,000
1985 270,000
1986 285,000
1987 300,000
Redemption
Bonds maturing in the year 1 990 and thereafter are subject to redemption at the option of the
State on February 1, 1989 or on any interest payment date thereafter at the principal amount thereof
together with accrued interest to date fixed for redemption, in inverse order of maturity, bonds of less
than a full maturity to be selected by lot by the paying agent in such equitable manner as it may
designate. Notice of any such redemption shall be given by publication at least twice in a financial
journal or newspaper of general circulation published or of general circulation in New York, New York,
the first of which shall be published not less than 30 days prior to the redemption date and in the case
of the redemption of bonds which have been registered as to principal or as to principal and interest
as hereinafter provided, upon mailing a copy of said notice of redemption by first class mail at least 30
days prior to the redemption date to the owner of each bond to be redeemed at the address shown on
the registration books.
-39-
Rate
Year
5.60%
1988
5.60%
1989
5.60%
1990
5.25%
1991
5.25%
1992
5.25%
1993
5.25%
1994
5.25%
1995
5.25%
1996
5.25%
1997
5.25%
1998
5.25%
1999
5.00%
Amount
Rate
$ 315,000
5.00%
330,000
5.00%
345,000
5.00%
365,000
5.10%
380,000
5.10%
400,000
5.20%
420,000
5.20%
445,000
5.20%
465,000
5.25%
490,000
5.25%
510,000
5.25%
540,000
5.25%
WATER POLLUTION CONTROL BONDS
DEBT SERVICE SCHEDULE
SERIES: A 1974
DATE ISSUED: 3/1/74
AMOUNT ISSUED: $8,000,000
FISCAL
INTEREST
INTEREST
PRINCIPAL
ANNUAL
OUTSTANDING
YEAR
8/1
2/1
2/1
DEBT SERVICE
PRINCIPAL
1974
-
-
-
-
8,000,000.00
1975
173,750.81
208,492.50
200,000.00
582,243.31
7,800,000.00
1976
202,892.50
202,892.50
175,000.00
580,785.00
7,625,000.00
1977
197,992.50
197,992.50
185,000.00
580,985.00
7,440,000.00
1978
192,812.50
192,812.50
195,000.00
580,625.00
7,245,000.00
1979
187,693.75
187,693.75
205,000.00
580,387.50
7,040,000.00
1980
182,312.50
182,312.50
215,000.00
579,625.00
6,825,000.00
1981
176,668.75
176,668.75
225,000.00
578,337.50
6,600,000.00
1982
170,762.50
170,762.50
235,000.00
576,525.00
6,365,000.00
1983
164,593.75
164,593.75
245,000.00
574,187.50
6,120,000.00
1984
158,162.50
158,162.50
260,000.00
576,325.00
5,860,000.00
1985
151,337.50
151,337.50
270,000.00
572,675.00
5,590,000.00
1986
144,250.00
144,250.00
285,000.00
573,500.00
5,305,000.00
1987
136,768.75
136,768.75
300,000.00
573,537.50
5,005,000.00
1988
129,268.75
129,268.75
315,000.00
573,537.50
4,690,000.00
1989
121,393.75
121,393.75
330,000.00
572,787.50
4,360,000.00
1990
113,143.75
113,143.75
345,000.00
571,287.50
4,015,000.00
1991
104,518.75
104,518.75
365,000.00
574,037.50
3,650,000.00
1992
95,211.25
95,211.25
380,000.00
570,422.50
3,270,000.00
1993
85,521.25
85,521.25
400,000.00
571,042.50
2,870,000.00
1994
75,121.25
75,121.25
420,000.00
570,242.50
2,450,000.00
1995
64,201.25
64,201.25
445,000.00
573,402.50
2,005,000.00
1996
52,631.25
52,631.25
465,000.00
570,262.50
1,540,000.00
1997
40,425.00
40,425.00
490,000.00
570,850.00
1,050,000.00
1998
27,562.50
27,562.50
510,000.00
565,125.00
540,000.00
1999
14,175.00
14,175.00
540,000.00
568,350.00
TOTAL
3,163,172.06
3,197,913.75
8,000,000.00
14,361,085.81
-40-
BOARD OF FUND COMMISSIONERS
WATER POLLUTION CONTROL BONDS
$15,000,000
SERIES B 1974
DATED December 1 , 1 974
SALE DATE November 6, 1 974
INTEREST PAYMENT DATES December 1 and June 1 commencing June 1 , 1 975
PRINCIPAL PAYMENT DATE December 1 commencing December 1, 1975
TRUE INTEREST COST 5.5463%
BOND COUNSEL Stinson, Mag, Thomson, McEvers & Fizzell
FINANCIAL ADVISOR None
UNDERWRITER MANAGER First National Bank in St. Louis and
Bank of America NT & SA
PAYING AGENT Boatmen's National Bank of St. Louis (formerly
Centerre Trust Company, formerly St. Louis Union
Trust Company)
AUTHORIZATION Article III, Section 37(b)
Maturities and Interest Rates
Year
Amount
Rate
Year
Amount
Rate
1975
$ 405,000
5.70%
1985
$ 730,000
5.25%
1976
430,000
5.70%
1986
775,000
5.25%
1977
460,000
5.70%
1987
820,000
5.50%
1978
485,000
5.70%
1988
870,000
5.50%
1979
515,000
5.70%
1989
920,000
5.50%
1980
545,000
5.00%
1990
975,000
5.70%
1981
580,000
5.00%
1991
1,035,000
5.70%
1982
615,000
5.00%
1992
1,100,000
5.70%
1983
650,000
5.00%
1993
1,165,000
5.75%
1984
690,000
5.25%
1994
1,235,000
5.75%
Redemption
Bonds maturing in the year 1991 and thereafter are subject to redemption at the option of the
State on December 1 , 1 990 or on any interest payment date thereafter at the principal amount thereof
together with accrued interest to date fixed for redemption, in inverse order of maturity, bonds of less
than a full maturity to be selected by lot by the paying agent in such equitable manner as it may
designate. Notice of any such redemption shall be given by publication at least twice in a financial
journal or newspaper of general circulation published or of general circulation in New York, New York,
the first of which shall be published not less than 30 days prior to the redemption date and in the case
of the redemption of bonds which have been registered as to principal or as to principal and interest
as hereinafter provided, upon mailing a copy of said notice of redemption by first class mail at least 30
days prior to the redemption date to the owner of each bond to be redeemed at the address shown on
the registration books.
-41 -
WATER POLLUTION CONTROL BONDS
DEBT SERVICE SCHEDULE
SERIES: B 1974
DATE ISSUED: 12/1/74
AMOUNT ISSUED: $15,000,000
FISCAL
INTEREST
INTEREST
PRINCIPAL
ANNUAL
OUTSTANDING
YEAR
12/1
6/1
12/1
DEBT SERVICE
PRINCIPAL
1975
-
412,186.25
-
412,186.25
15,000,000.00
1976
412,186.25
400,643.75
405,000.00
1,217,830.00
14,595,000.00
1977
400,643.75
388,388.75
430,000.00
1,219,032.50
14,165,000.00
1978
388,388.75
375,278.75
460,000.00
1,223,667.50
13,705,000.00
1979
375,278.75
361,456.25
485,000.00
1,221,735.00
13,220,000.00
1980
361,456.25
346,778.75
515,000.00
1,223,235.00
12,705,000.00
1981
346,778.75
333,153.75
545,000.00
1,224,932.50
12,160,000.00
1982
333,153.75
318,653.75
580,000.00
1,231,807.50
11,580,000.00
1983
318,653.75
303,278.75
615,000.00
1,236,932.50
10,965,000.00
1984
303,278.75
287,028.75
650,000.00
1 ,240,307.50
10,315,000.00
1985
287,028.75
268,916.25
690,000.00
1 ,245,945.00
9,625,000.00
1986
268,916.25
249,753.75
730,000.00
1,248,670.00
8,895,000.00
1987
249,753.75
229,410.00
775,000.00
1,254,163.75
8,120,000.00
1988
229,410.00
206,860.00
820,000.00
1,256,270.00
7,300,000.00
1989
206,860.00
182,935.00
870,000.00
1,259,795.00
6,430,000.00
1990
182,935.00
157,635.00
920,000.00
1,260,570.00
5,510,000.00
1991
157,635.00
129,847.50
975,000.00
1,262,482.50
4,535,000.00
1992
129,847.50
100,350.00
1,035,000.00
1,265,197.50
3,500,000.00
1993
100,350.00
69,000.00
1,100,000.00
1,269,350.00
2,400,000.00
1994
69,000.00
35,506.25
1,165,000.00
1,269,506.25
1,235,000.00
1995
35,506.25
1,235,000.00
1,270,506.25
TOTAL
5,157,061.25
5,157,061.25
15,000,000.00
25,314,122.50
-42-
BOARD OF FUND COMMISSIONERS
WATER POLLUTION CONTROL BONDS
$31,494,240
SERIES A 1977
DATED June 1,1977
SALE DATE June 8, 1977
INTEREST PAYMENT DATES October 1 and April 1 commencing April 1 , 1 978
PRINCIPAL PAYMENT DATE April 1 commencing April 1 , 1 978
TRUE INTEREST COST 4.598366%
BOND COUNSEL Stinson, Mag, Thomson, McEvers & Fizzell
FINANCIAL ADVISOR None
UNDERWRITER MANAGER The First National Bank of Chicago
PAYING AGENT Boatmen's National Bank, St. Louis and
Harris Trust and Savings (resigned)
AUTHORIZATION Article III, Section 37(b)
Maturities and Interest Rates
Year
Amount
Rate
Year
Amount
Rate
1978
$ 904,240
3.50%
1988
$ 1,545,000
4.50%
1979
955,000
5.50%
1989
1,630,000
4.50%
1980
1,005,000
5.50%
1990
1,715,000
4.50%
1981
1,060,000
5.50%
1991
1,810,000
4.60%
1982
1,120,000
5.50%
1992
1,910,000
4.60%
1983
1,180,000
5.50%
1993
2,015,000
4.70%
1984
1,245,000
5.50%
1994
2,125,000
4.70%
1985
1,315,000
5.50%
1995
2,245,000
4.70%
1986
1,385,000
5.50%
1996
2,370,000
4.70%
1987
1,460,000
4.50%
1997
2,500,000
3.50%
Redemption
Bonds maturing in the year 1 993 and thereafter are subject to redemption at the option of the
State on April 1, 1992 or on any interest payment date thereafter at the principal amount thereof
together with accrued interest to date fixed for redemption, in inverse order of maturity, bonds of less
than a full maturity to be selected by lot by the bond registrar in such equitable manner as it may
designate. Notice of any such redemption shall be given by publication at least twice in a financial
journal or newspaper of general circulation published or of general circulation in New York, New York,
the first of which shall be published not less than 30 days prior to the redemption date and in the case
of the redemption of bonds which have been registered as to principal or as to principal and interest
as hereinafter provided, upon mailing a copy of said notice of redemption by registered mail at least
30 days prior to the redemption date to the owner of each bond to be redeemed at the address shown
on the registration books.
-43-
WATER POLLUTION CONTROL BONDS
DEBT SERVICE SCHEDULE
SERIES: A 1977
DATE ISSUED: 6/1/77
AMOUNT ISSUED: $31,494,240
FISCAL
INTEREST
INTEREST
PRINCIPAL
ANNUAL
OUTSTANDING
YEAR
10/1
4/1
4/1
DEBT SERVICE
PRINCIPAL
1977
-
-
-
-
31,494,240.00
1978
-
1,247,590.20
904,240.00
2,151,830.20
30,590,000.00
1979
732,715.00
732,715.00
955,000.00
2,420,430.00
29,635,000.00
1980
706,452.50
706,452.50
1,005,000.00
2,417,905.00
28,630,000.00
1981
678,815.00
678,815.00
1,060,000.00
2,417,630.00
27,570,000.00
1982
649,665.00
649,665.00
1,120,000.00
2,419,330.00
26,450,000.00
1983
618,865.00
618,865.00
1,180,000.00
2,417,730.00
25,270,000.00
1984
586,415.00
586,415.00
1,245,000.00
2,417,830.00
24,025,000.00
1985
552,177.50
552,177.50
1,315,000.00
2,419,355.00
22,710,000.00
1986
516,015.00
516,015.00
1,385,000.00
2,417,030.00
21,325,000.00
1987
477,927.50
477,927.50
1,460,000.00
2,415,855.00
19,865,000.00
1988
445,077.50
445,077.50
1,545,000.00
2,435,155.00
18,320,000.00
1989
410,315.00
410,315.00
1,630,000.00
2,450,630.00
16,690,000.00
1990
373,640.00
373,640.00
1,715,000.00
2,462,280.00
14,975,000.00
1991
335,052.50
335,052.50
1,810,000.00
2,480,105.00
13,165,000.00
1992
293,422.50
293,422.50
1,910,000.00
2,496,845.00
11,255,000.00
1993
249,492.50
249,492.50
2,015,000.00
2,513,985.00
9,240,000.00
1994
202,140.00
202,140.00
2,125,000.00
2,529,280.00
7,115,000.00
1995
152,202.50
152,202.50
2,245,000.00
2,549,405.00
4,870,000.00
1996
99,445.00
99,445.00
2,370,000.00
2,568,890.00
2,500,000.00
1997
43,750.00
43,750.00
2,500,000.00
2,587,500.00
TOTAL
8,123,585.00
9,371,175.20
31,494,240.00
48,989,000.20
-44-
BOARD OF FUND COMMISSIONERS
WATER POLLUTION CONTROL BONDS
$20,000,000 (Refunded)
SERIES A 1981
DATED June 1,1981
SALE DATE May 12, 1981
INTEREST PAYMENT DATES November 1 and May 1 commencing November 1 , 1981
PRINCIPAL PAYMENT DATE May 1 commencing May 1 , 1 982
TRUE INTEREST COST 9.464465%
BOND COUNSEL Stinson, Mag & Fizzell
FINANCIAL ADVISOR None
UNDERWRITER MANAGER First National Bank in St. Louis
PAYING AGENT Boatmen's National Bank of St. Louis (formerly
Centerre Trust Company, formerly St. Louis Union
Trust Company)
AUTHORIZATION Article III, Section 37(b)
Maturities and Interest Rates
Year
Amount
Rate
Year
Amount
Rate
1982
$ 525,000
9.20%
1992
$ 920,000
9.20%
1983
425,000
9.20%
1993
1,000,000
9.20%
1984
460,000
9.20%
1994
1,090,000
9.20%
1985
505,000
9.20%
1995
1,190,000
9.30%
1986
550,000
9.20%
1996
1,300,000
9.30%
1987
595,000
9.20%
1997
1,415,000
9.40%
1988
650,000
9.20%
1998
1,540,000
9.50%
1989
710,000
9.20%
1999
1,680,000
9.60%
1990
775,000
9.20%
2000
1,830,000
9.70%
1991
845,000
9.20%
2001
1,995,000
9.80%
Redemption
Series A 1981 Bonds maturing on May 1, 1992, and thereafter, may, at the option of the Board,
be called for redemption and payment prior to maturity as a whole or in part in inverse numerical order
on May 1, 1991, or on any interest payment date thereafter, at the principal amount thereof, together
with accrued interest to the date of redemption and payment, without premium. Bonds of less than a
full maturity shall be selected by lot by the bond registrar in an equitable manner.
In the event of any such redemption, the Board shall publish twice in a financial journal or
newspaper of general circulation in the City of New York, New York, a notice of the intention of the
Board to call and pay said bonds, the first of said notices to be published not less than 30 days prior
to the date of redemption. The Board will also give written notice of its intention to redeem and pay
said bonds or any of them by United States registered mail addressed to the owner of any bond
registered as to principal or as to principal and interest, to the Paying Agent and to the manager of the
underwriting group purchasing the Series A 1981 Bonds, said notice to be mailed not less than 30
days prior to the date fixed for redemption.
-45-
BOARD OF FUND COMMISSIONERS
WATER POLLUTION CONTROL BONDS
$20,000,000 (Refunded)
SERIES A 1981
Defeasance
On August 1, 1987, $16,940,000 of outstanding Series A 1981 Bonds were refunded with the
issuance of Series A 1987 Refunding Bonds. The proceeds of the refunding bonds and other moneys
contributed by the Board were deposited in an escrow fund with Mark Twain Bank, St. Louis. The
money in the escrow fund was used to pay the principal and interest on the Series A 1981 Bonds.
With the deposit of these moneys in the escrow fund, the Series A 1981 Bonds were legally defeased.
Call Date
The Series A 1981 Bonds maturing on May 1, 1992, and thereafter were called for redemption
on May 1, 1991, at 100%.
-46-
WATER POLLUTION CONTROL BONDS
DEBT SERVICE SCHEDULE
SERIES: A 1981 (FY88-2001 REFUNDED BY SERIES A 1987 REFUNDING)
DATE ISSUED: 6/1/81
AMOUNT ISSUED: $20,000,000
FISCAL
YEAR
1981
1982
1983
1984
1985
1986
1987
INTEREST
11/1
782,414.56
914,740.00
895,190.00
874,030.00
850,800.00
825,500.00
INTEREST
5/1
938,890.00
914,740.00
895,190.00
874,030.00
850,800.00
825,500.00
PRINCIPAL
5/1
525,000.00
425,000.00
460,000.00
505,000.00
550,000.00
595,000.00
ANNUAL
DEBT SERVICE
2,246,304.56
2,254,480.00
2,250,380.00
2,253,060.00
2,251,600.00
2,246,000.00
OUTSTANDING
PRINCIPAL
20,000,000.00
19,475,000.00
19,050,000.00
18,590,000.00
18,085,000.00
17,535,000.00
16,940,000.00
TOTAL
5,142,674.56
5,299,150.00
3,060,000.00
13,501,824.56
-47-
BOARD OF FUND COMMISSIONERS
WATER POLLUTION CONTROL BONDS
$20,000,000 (Partially Refunded)
SERIES A 1983
DATED February 1, 1983
SALE DATE January 1 9, 1 983
INTEREST PAYMENT DATES August 1 and February 1 commencing August 1 , 1983
PRINCIPAL PAYMENT DATE February 1 commencing February 1 , 1984
TRUE INTEREST COST 8.101159%
BOND COUNSEL Stinson, Mag & Fizzell
FINANCIAL ADVISOR E. F. Hutton & Company, Inc.
UNDERWRITER MANAGER Centerre Bank, N.A.
PAYING AGENT Commerce Bank of Kansas City, N.A. and Boatmen's
National Bank, St. Louis (formerly Centerre Trust
AUTHORIZATION
Maturities and Interest Rates
Year Amount
1984 $ 235,000
1985 255,000
1986 280,000
1987 305,000
1988 335,000
1989 365,000
1990 395,000
1991 430,000
1992 470,000
1993 515,000
1994 560,000
1995 610,000
1996 665,000
Redemption
The Series A 1983 State Water Pollution Control Bonds maturing on February 1, 1994, and
thereafter, may, at the option of the Board, be called for redemption and payment prior to maturity as
a whole or in part in inverse order of maturity on February 1 , 1993, or on any interest payment date
thereafter, at the following prices, expressed as percentages of principal amount, on the following
dates, together with accrued interest to the date of redemption and payment:
Company of St. Louis)
Article III, Section 37(b)
Rate
Year
Amount
Rate
9.70%
1997
$ 725,000
7.80%
9.70%
1998
790,000
7.90%
9.70%
1999
860,000
8.00%
9.70%
2000
935,000
8.00%
9.70%
2001
1,020,000
8.10%
9.00%
2002
1,115,000
8.10%
9.00%
2003
1,215,000
8.20%
9.00%
2004
1,325,000
8.25%
8.75%
2005
1 ,440,000
8.25%
8.75%
2006
1,570,000
8.25%
7.20%
2007
1,715,000
8.25%
7.40%
2008
1,870,000
7.50%
7.60%
-48-
BOARD OF FUND COMMISSIONERS
WATER POLLUTION CONTROL BONDS
$20,000,000
SERIES A 1983
(Partially Refunded)
Redemption (continued)
Redemption Dates
Redemption
Prices
February
February
February
February
February
February
February
February
February
1993 and August 1, 1993
1994 and August 1, 1994
1995 and August 1, 1995
1996 and August 1, 1996
1997 and August 1, 1997
1998 and August 1, 1998
1999 and August 1, 1999
2000 and August 1 , 2000
2001 and thereafter
1 02%
101%%
101 1 /2%
101 1 /4%
101%
1 00%%
1 00 1 /2%
1 00 1 /4%
1 00%
In the event of any such redemption, the Board shall publish once in a financial journal
published in the City of New York, New York, a notice of the intention of the Board to call and pay
said bonds, said notice to be published not less than 30 days prior to the date of redemption. The
Board will also give written notice of its intention to redeem and pay said bonds or any of them by
United States registered mail addressed to the owner(s) of any bond(s) registered as to principal, to
the Paying Agent(s) and to the manager of the underwriting group purchasing the Series A 1983
State Water Pollution Control Bonds, said notice to be mailed not less than 30 days prior to the date
fixed for redemption.
On November 1, 1991, $16,415,000 of outstanding Series A 1983 Bonds were refunded with
the issuance of Series B 1991 Refunding Bonds. This amount represented only the callable portions
of the bonds, $985,000 of the bonds were not refunded and remain a liability of the Board. The
proceeds of the refunding bonds were deposited in an escrow fund with Commerce Bank of Kansas
City, N.A. The money in the escrow fund was used to pay the principal and interest of the callable
portions of the Series A 1983 Bonds. With the deposit of these moneys in the escrow fund, the
callable portions of the Series A 1983 Bonds were legally defeased.
The Series A 1983 Bonds maturing on February 1, 1994, and thereafter were called for
redemption on February 1, 1993, at 102%.
Defeasance
Call Date
-49-
WATER POLLUTION CONTROL BONDS
DEBT SERVICE SCHEDULE
SERIES: A 1983 (FY94-2008 CALLABLES REFUNDED BY SERIES B 1991 REFUNDING)
DATE ISSUED: 2/1/83
AMOUNT ISSUED: $20,000,000
FISCAL
INTEREST
INTEREST
PRINCIPAL
ANNUAL
OUTSTANDING
YEAR
8/1
2/1
2/1
DEBT SERVICE
PRINCIPAL
1983
-
-
-
-
20,000,000.00
1984
820,278.75
820,278.75
235,000.00
1,875,557.50
19,765,000.00
1985
808,881.25
808,881.25
255,000.00
1,872,762.50
19,510,000.00
1986
796,513.75
796,513.75
280,000.00
1,873,027.50
19,230,000.00
1987
782,933.75
782,933.75
305,000.00
1,870,867.50
18,925,000.00
1988
768,141.25
768,141.25
335,000.00
1,871,282.50
18,590,000.00
1989
751,893.75
751,893.75
365,000.00
1,868,787.50
18,225,000.00
1990
735,468.75
735,468.75
395,000.00
1,865,937.50
17,830,000.00
1991
717,693.75
717,693.75
430,000.00
1,865,387.50
17,400,000.00
1992
698,343.75
43,093.75
470,000.00
1,211,437.50
515,000.00
1993
22,531.25
22,531.25
515,000.00
560,062.50
TOTAL
6,902,680.00
6,247,430.00
3,585,000.00
16,735,110.00
-50-
BOARD OF FUND COMMISSIONERS
WATER POLLUTION CONTROL BONDS
$10,000,000 (Refunded)
SERIES B 1983
DATED November 1, 1983
SALE DATE October 1 9, 1 983
INTEREST PAYMENT DATES November 1 and May 1 commencing May 1 , 1 984
PRINCIPAL PAYMENT DATE November 1 commencing November 1 , 1984
TRUE INTEREST COST 8.81 3238%
BOND COUNSEL Stinson, Mag & Fizzell
FINANCIAL ADVISOR E. F. Hutton & Company, Inc.
UNDERWRITER MANAGER Centerre Bank, N.A.
PAYING AGENT Mercantile Trust Company, N.A.
AUTHORIZATION Article III, Section 37(b)
Maturities and Interest Rates
Year
Amount
Rate
Year
Amount
Rate
1984
$ 115,000
10.30%
1997
$ 360,000
8.20%
1985
125,000
10.30%
1998
395,000
8.40%
1986
135,000
10.30%
1999
430,000
8.60%
1987
150,000
10.30%
2000
470,000
8.70%
1988
165,000
10.30%
2001
510,000
8.75%
1989
180,000
10.30%
2002
560,000
8.75%
1990
195,000
10.30%
2003
610,000
8.75%
1991
215,000
10.30%
2004
665,000
8.80%
1992
235,000
10.30%
2005
725,000
8.80%
1993
255,000
10.30%
2006
790,000
8.80%
1994
275,000
7.80%
2007
865,000
8.80%
1995
300,000
7.90%
2008
945,000
8.80%
1996
330,000
8.00%
Redemption
The Series B 1983 State Water Pollution Control Bonds maturing on November 1, 1994, and
thereafter, may be called for redemption and payment prior to maturity at the option of the Board, as
a whole or in part in inverse order of maturity (bonds of less than a full maturity to be selected by lot
by the Bond Registrar in such equitable manner as it shall designate) on November 1, 1993, or on
any interest payment date thereafter, at the following prices, expressed as percentages of principal
amount, together with accrued interest to the date of redemption and payment:
- 51 -
BOARD OF FUND COMMISSIONERS
WATER POLLUTION CONTROL BONDS
$10,000,000
SERIES B 1983
(Refunded)
Redemption (continued)
Redemption Dates
Redemption
Prices
November 1
November 1
November 1
November 1
November 1
November 1
November 1
November 1
November 1
1 993 and May 1 , 1 994
1 994 and May 1 , 1 995
1995 and May 1, 1996
1996 and May 1, 1997
1997 and May 1, 1998
1998 and May 1, 1999
1999 and May 1,2000
2000 and May 1,2001
2001 and thereafter
102%
101%%
101 1 / 2 %
101 1 /4%
101%
100%%
100 1 /2%
100 1 /4%
100%
In the event of any such redemption, the Board shall give written notice of its intention to
redeem and pay the bonds, said notice to be given by United States registered mail addressed to the
registered owner of any bond being redeemed, to the Paying Agent and Registrar and to the
manager of the underwriting group purchasing the Series B 1983 State Water Pollution Control
Bonds, each of said notices to be mailed not less than 30 days prior to the date fixed for redemption.
On August 1, 1987, $9,625,000 of outstanding Series B 1983 Bonds were refunded with the
issuance of Series A 1987 Refunding Bonds. The proceeds of the refunding bonds and other
moneys contributed by the Board were deposited in an escrow fund with Mark Twain Bank, St. Louis.
The money in the escrow fund was used to pay the principal and interest on the Series B 1983
Bonds. With the deposit of these moneys in the escrow fund, the Series B 1983 Bonds were legally
defeased.
The Series B 1983 Bonds maturing on November 1, 1994, and thereafter were called for
redemption on November 1, 1993, at 102%.
Defeasance
Call Date
-52-
WATER POLLUTION CONTROL BONDS
DEBT SERVICE SCHEDULE
SERIES: B 1983 (FY88-2009 REFUNDED BY SERIES A 1987 REFUNDING)
DATE ISSUED: 11/1/83
AMOUNT ISSUED: $10,000,000
FISCAL
YEAR
1984
1985
1986
1987
INTEREST
11/1
446,275.00
440,352.50
433,915.00
INTEREST
5/1
446,275.00
440,352.50
433,915.00
426,962.50
PRINCIPAL
11/1
115,000.00
125,000.00
135,000.00
ANNUAL
DEBT SERVICE
446,275.00
1,001,627.50
999,267.50
995,877.50
OUTSTANDING
PRINCIPAL
10,000,000.00
9,885,000.00
9,760,000.00
9,625,000.00
TOTAL
1,320,542.50
1,747,505.00
375,000.00
3,443,047.50
-53-
BOARD OF FUND COMMISSIONERS
WATER POLLUTION CONTROL BONDS
$20,000,000 (Refunded)
SERIES A 1985
DATED March 1 , 1 985
SALE DATE February 27, 1 985
INTEREST PAYMENT DATES September 1 and March 1 commencing
September 1 , 1 985
PRINCIPAL PAYMENT DATE March 1 commencing March 1, 1986
TRUE INTEREST COST 9.0963%
BOND COUNSEL Stinson, Mag & Fizzell
FINANCIAL ADVISOR A. G. Edwards & Sons, Inc.
UNDERWRITER MANAGER Citicorp Investment Bank
PAYING AGENT Commerce Bank of Kansas City, N.A.
AUTHORIZATION Article III, Section 37(b)
Maturities and Interest Rates
Year
Amount
Rate
Year
Amount
Rate
1986
$ 175,000
1 0.40%
1999
$ 725,000
8.90%
1987
250,000
1 0.40%
2000
800,000
9.00%
1988
275,000
1 0.40%
2001
850,000
9.00%
1989
300,000
1 0.40%
2002
950,000
9.10%
1990
325,000
1 0.40%
2003
1,025,000
9.10%
1991
375,000
1 0.40%
2004
1,125,000
9.20%
1992
400,000
8.75%
2005
1,225,000
9.20%
1993
425,000
7.90%
2006
1,325,000
9.20%
1994
475,000
8.10%
2007
1,450,000
9.20%
1995
525,000
8.30%
2008
1,575,000
9.20%
1996
550,000
8.50%
2009
1,725,000
9.20%
1997
600,000
8.70%
2010
1,875,000
9.20%
1998
675,000
8.80%
Redemption
The Pollution Control Bonds maturing on March 1, 1996, and thereafter, may be called for
redemption and payment prior to maturity at the option of the Board, as a whole or in part in inverse
order of maturity (bonds of less than a full maturity to be selected by lot by the Bond Registrar in
such equitable manner as it shall designate) on March 1, 1995, or on any interest payment date
thereafter, at the following prices, expressed as percentages of principal amount, together with
accrued interest to the date of redemption and payment:
- 54-
BOARD OF FUND COMMISSIONERS
WATER POLLUTION CONTROL BONDS
$20,000,000
SERIES A 1985
(Refunded)
Redemption (continued)
Redemption Dates
Redemption
Prices
March 1
March 1
March 1
March 1
March 1
March 1
March 1
March 1
March 1
1 995 and September 1
1 996 and September 1
1 997 and September 1
1 998 and September 1
1 999 and September 1
2000 and September 1
2001 and September 1
2002 and September 1
2003 and thereafter
1995
1996
1997
1998
1999
2000
2001
2002
1 02%
101%%
101 1 /2%
101 1 /4%
101%
1 00%%
1 00 1 /2%
1 00 1 /4%
1 00%
In the event of any such redemption, the Board shall give written notice of its intention to
redeem and pay the bonds, such notice to be given by United States registered mail addressed to
the registered owner of any bond being redeemed, to the Paying Agent and the Bond Registrar and
to the manager of the underwriting group purchasing the Series A 1985 Bonds, each of said notices
to be mailed not less than 30 days prior to the date fixed for redemption.
On August 1, 1987, $19,575,000 of outstanding Series A 1985 Bonds were refunded with the
issuance of Series A 1987 Refunding Bonds. The proceeds of the refunding bonds and other
moneys contributed by the Board were deposited in an escrow fund with Mark Twain Bank, St. Louis.
The money in the escrow fund is to be used to pay the principal and interest on the Series A 1985
Bonds. With the deposit of these moneys in the escrow fund, the Series A 1985 Bonds were legally
defeased.
The Series A 1985 Bonds maturing on March 1, 1996, and thereafter were called for
redemption on March 1, 1995, at 102%.
Defeasance
Call Date
-55-
WATER POLLUTION CONTROL BONDS
DEBT SERVICE SCHEDULE
SERIES: A 1985 (FY88-2010 REFUNDED BY SERIES A 1987 REFUNDING)
DATE ISSUED: 3/1/85
AMOUNT ISSUED: $20,000,000
FISCAL INTEREST INTEREST PRINCIPAL ANNUAL OUTSTANDING
YEAR 9/1 3/1 3/1 DEBT SERVICE PRINCIPAL
1985 - - - - 20,000,000.00
1986 913,062.50 913,062.50 175,000.00 2,001,125.00 19,825,000.00
1987 903,962.50 903,962.50 250,000.00 2,057,925.00 19,575,000.00
TOTAL 1,817,025.00 1,817,025.00 425,000.00 4,059,050.00 -
-56-
BOARD OF FUND COMMISSIONERS
WATER POLLUTION CONTROL BONDS
$60,000,000
SERIES A 1986
(Partially Refunded)
DATED July 15, 1986
SALE DATE June 18, 1986
INTEREST PAYMENT DATES February 1 and August 1 commencing February 1 , 1987
PRINCIPAL PAYMENT DATE August 1 commencing August 1 , 1 987
TRUE INTEREST COST 7.36587%
BOND COUNSEL Stinson, Mag & Fizzell
FINANCIAL ADVISOR E. F. Hutton & Company, Inc.
UNDERWRITER MANAGER Morgan Guaranty Trust Company of New York
PAYING AGENT Boatmen's National Bank of St. Louis
AUTHORIZATION Article III, Section 37(b) -$ 5,505,760
Article III, Section 37(c) -$54,494,240
Maturities and Interest Rates
Year
Amount
Rate
Year
Amount
Rate
1987
$ 960,000
9.25%
1999
$ 2,290,000
7.30%
1988
1,030,000
9.25%
2000
2,465,000
7.30%
1989
1,110,000
9.25%
2001
2,650,000
7.40%
1990
1,195,000
9.25%
2002
2,850,000
7.40%
1991
1,285,000
9.25%
2003
3,065,000
7.40%
1992
1,380,000
9.25%
2004
3,295,000
7.40%
1993
1 ,485,000
9.25%
2005
3,540,000
7.05%
1994
1,595,000
9.25%
2006
3,810,000
6.75%
1995
1,715,000
9.25%
2007
4,095,000
7.50%
1996
1 ,845,000
7.20%
2008
4,405,000
7.00%
1997
1,980,000
7.10%
2009
4,735,000
7.00%
1998
2,130,000
7.20%
2010
5,090,000
7.00%
Redemption
The Pollution Control Bonds maturing on August 1, 1997, and thereafter, may be called for
redemption and payment prior to maturity at the option of the Board, as a whole or in part in inverse
order of maturity (bonds of less than a full maturity to be selected by lot by the Bond Registrar in
such equitable manner as it shall designate) on August 1, 1996, or on any interest payment date
thereafter, at the following prices, expressed as percentages of principal amount, together with
accrued interest to the date of redemption and payment:
- 57-
BOARD OF FUND COMMISSIONERS
WATER POLLUTION CONTROL BONDS
$60,000,000
SERIES A 1986
(Partially Refunded)
Redemption (continued)
Redemption Dates
Redemption
Prices
August 1
August 1
August 1
August 1
August 1
August 1
August 1
August 1
August 1
1996 and February 1, 1997
1997 and February 1, 1998
1998 and February 1, 1999
1999 and February 1 , 2000
2000 and February 1 , 2001
2001 and February 1 , 2002
2002 and February 1 , 2003
2003 and February 1 , 2004
2004 and thereafter
1 02%
101%%
101 1 /2%
101 1 /4%
101%
1 00%%
1 00 1 /2%
1 00 1 /4%
1 00%
In the event of any such redemption, the Board shall give written notice of its intention to
redeem and pay the bonds, such notice to be given by United States registered mail addressed to
the registered owner of any bond being redeemed, to the State Auditor of Missouri and to the
manager of the underwriting group purchasing the Series A 1986 Bonds, each of said notices to be
mailed not less than 30 days prior to the date fixed for redemption.
On August 15, 1992, $46,400,000 of outstanding Series A 1986 Bonds were refunded with the
issuance of Series B 1992 Refunding Bonds. This amount represented only the callable portions of
the bonds, $6,640,000 of the bonds were not refunded and remain a liability of the Board. The
proceeds of the refunding bonds were deposited in an escrow fund with Boatmen's Trust Company,
St. Louis. The money in the escrow fund was used to pay the principal and interest of the callable
portions of the Series A 1986 Bonds. With the deposit of these moneys in the escrow fund, the
callable portions of the Series A 1986 Bonds were legally defeased.
The Series A 1986 Bonds maturing on August 1, 1997, and thereafter were called for
redemption on August 1, 1996, at 102%.
Defeasance
Call Date
-58-
WATER POLLUTION CONTROL BONDS
DEBT SERVICE SCHEDULE
SERIES: A 1986 (FY98-2011 CALLABLES REFUNDED BY SERIES B 1992 REFUNDING)
DATE ISSUED: 7/15/86
AMOUNT OF ISSUE: $60,000,000
FISCAL
INTEREST
INTEREST
PRINCIPAL
ANNUAL
OUTSTANDING
YEAR
8/1
2/1
8/1
DEBT SERVICE
PRINCIPAL
1987
-
2,476,592.03
-
2,476,592.03
60,000,000.00
1988
2,274,421.25
2,230,021.25
960,000.00
5,464,442.50
59,040,000.00
1989
2,230,021.25
2,182,383.75
1,030,000.00
5,442,405.00
58,010,000.00
1990
2,182,383.75
2,131,046.25
1,110,000.00
5,423,430.00
56,900,000.00
1991
2,131,046.25
2,075,777.50
1,195,000.00
5,401,823.75
55,705,000.00
1992
2,075,777.50
2,016,346.25
1,285,000.00
5,377,123.75
54,420,000.00
1993
2,016,346.25
288,188.75
1,380,000.00
3,684,535.00
6,640,000.00
1994
288,188.75
219,507.50
1,485,000.00
1,992,696.25
5,155,000.00
1995
219,507.50
145,738.75
1,595,000.00
1 ,960,246.25
3,560,000.00
1996
145,738.75
66,420.00
1,715,000.00
1,927,158.75
1,845,000.00
1997
66,420.00
0.00
1,845,000.00
1,911,420.00
0.00
TOTAL
13,629,851.25
13,832,022.03
13,600,000.00
41,061,873.28
-59-
BOARD OF FUND COMMISSIONERS
WATER POLLUTION CONTROL BONDS
$49,715,000 (Partially Refunded)
SERIES A 1987 REFUNDING
DATED August 1,1987
SALE DATE July 17, 1987
INTEREST PAYMENT DATES February 1 and August 1 commencing February 1 , 1988
PRINCIPAL PAYMENT DATE August 1 commencing August 1 , 1 988
TRUE INTEREST COST 6.8970%
BOND COUNSEL Gilmore & Bell
FINANCIAL ADVISOR Stifel, Nicolaus & Company, Inc.
UNDERWRITER MANAGER Citicorp Investment Bank
PAYING AGENT United Missouri Bank of Kansas City, N.A.
ESCROW AGENT — Mercantile Bank (merged with original Paying Agent,
Mark Twain Bank, 6/97)
ESCROW VERIFICATION AGENT Laventol & Horwath, CPAs, Philadelphia, PA
Maturities and Interest Rates
Year
Amount
Rate
Year
Amount
Rate
1988
$ 1,205,000
7.75%
1999
$ 2,485,000
6.600%
1989
1,285,000
7.75%
2000
2,645,000
6.700%
1990
1,370,000
7.75%
2001
2,320,000
6.800%
1991
1,470,000
7.75%
2002
2,480,000
6.900%
1992
1,560,000
7.75%
2003
2,670,000
7.000%
1993
1,670,000
7.75%
2004
2,855,000
7.000%
1994
1,785,000
5.75%
2005
3,065,000
7.125%
1995
1,910,000
5.90%
2006
3,285,000
7.200%
1996
2,040,000
6.10%
2007
3,525,000
7.200%
1997
2,180,000
6.30%
2008
3,790,000
7.200%
1998
2,325,000
6.50%
2009
1,795,000
6.500%
Redemption
The Pollution Control Bonds, or portions of such bonds, maturing on August 1, 1998, and
thereafter, may be called for redemption and payment prior to maturity at the option of the Board, as
a whole or in part in inverse order of maturity (bonds of less than a full maturity to be selected by the
Bond Registrar by lot or in such equitable manner as it shall designate) on August 1 , 1997, or on any
interest payment date thereafter, at the following prices, expressed as percentages of principal
amount, together with accrued interest to the date of redemption and payment:
-60-
BOARD OF FUND COMMISSIONERS
WATER POLLUTION CONTROL BONDS
$49,715,000 (Partially Refunded)
SERIES A 1987 REFUNDING
Redemption (continued)
Redemption
Redemption Dates Prices
August 1 , 1 997 and February 1 , 1 998 1 02%
August 1 , 1 998 and February 1 , 1 999 101 1 /2%
August 1 , 1 999 and February 1 , 2000 1 01 %
August 1 , 2000 and February 1 , 2001 1 00 1 /2%
August 1 , 2001 and thereafter 1 00%
In the event of any such redemption, the Board, or the Bond Registrar acting on behalf of the
Board, shall give written notice of its intention to redeem and pay the bonds. Such notice shall be
given by United States registered or certified mail not less than 30 days prior to the date fixed for
redemption, addressed to the registered owner of any bond being redeemed, to the State Auditor of
Missouri, and to the manager of the underwriting group purchasing the bonds.
Note
The Series A 1987 Refunding Bonds were issued to refund the following bonds:
Series Outstanding Principal and Amount Refunded
A 1981 $16,940,000
B 1983 9,625,000
A 1985 19,575,000
$46,140,000
The additional principal amount of the Series A 1987 Refunding Bonds did not decrease the
amount of the statutory authorization for the Water Pollution Control Bonds.
Defeasance
On August 1, 1993, $33,240,000 of outstanding Series A 1987 Refunding Bonds were refunded
with the issuance of Series B 1993 Refunding Bonds. This amount represented only the callable
portions of the bonds, $9,585,000 of the bonds were not refunded and remain a liability of the Board.
The proceeds of the refunding bonds were deposited in an escrow fund with Boatman's Trust
Company, St. Louis. The money in the escrow fund was used to pay the principal and interest of the
callable portions of the Series A 1987 Refunding Bonds. With the deposit of these moneys in the
escrow fund, the callable portions of the Series A 1987 Refunding Bonds were legally defeased.
Call Date
The Series A 1987 Refunding Bonds maturing on August 1, 1998, and thereafter were called for
redemption on August 1, 1997, at 102%.
- 61 -
WATER POLLUTION CONTROL BONDS
DEBT SERVICE SCHEDULE
SERIES: A 1 987 REFUNDING (FY99-201 CALLABLES REFUNDED BY SERIES B 1 993 REFUNDING)
DATE ISSUED: 8/1/87
AMOUNT OF ISSUE: $49,71 5,000 (REFUNDING EXCESS $3,575,000)
FISCAL
INTEREST
INTEREST
PRINCIPAL
ANNUAL
OUTSTANDING
YEAR
8/1
2/1
8/1
DEBT SERVICE
PRINCIPAL
1988
-
1,723,374.94
-
1,723,374.94
49,715,000.00
1989
1,723,374.94
1,676,681.19
1,205,000.00
4,605,056.13
48,510,000.00
1990
1,676,681.19
1,626,887.44
1,285,000.00
4,588,568.63
47,225,000.00
1991
1,626,887.44
1,573,799.94
1,370,000.00
4,570,687.38
45,855,000.00
1992
1,573,799.94
1,516,837.44
1,470,000.00
4,560,637.38
44,385,000.00
1993
1,516,837.44
1,456,387.44
1,560,000.00
4,533,224.88
42,825,000.00
1994
1,456,387.44
238,553.75
1,670,000.00
3,364,941.19
7,915,000.00
1995
238,553.75
187,235.00
1,785,000.00
2,210,788.75
6,130,000.00
1996
187,235.00
130,890.00
1,910,000.00
2,228,125.00
4,220,000.00
1997
130,890.00
68,670.00
2,040,000.00
2,239,560.00
2,180,000.00
1998
68,670.00
2,180,000.00
2,248,670.00
TOTAL
10,199,317.14
10,199,317.14
16,475,000.00
36,873,634.28
-62-
BOARD OF FUND COMMISSIONERS
WATER POLLUTION CONTROL BONDS
$35,000,000 (Partially Refunded)
SERIES B 1987
DATED December 1 , 1 987
SALE DATE November 1 7, 1 987
INTEREST PAYMENT DATES June 1 and December 1 commencing June 1, 1988
PRINCIPAL PAYMENT DATE December 1 commencing December 1, 1988
TRUE INTEREST COST 7.5038%
BOND COUNSEL Stinson, Mag & Fizzell
FINANCIAL ADVISOR A.G. Edwards & Sons, Inc.
UNDERWRITER MANAGER Chase Manhattan Capital Markets Corporation
PAYING AGENT Mark Twain Bank, St. Louis
AUTHORIZATION Article III, Section 37(c)
Maturities and Interest Rates
Year Amount
1988 $ 475,000
1989 515,000
1990 560,000
1991 605,000
1992 660,000
1993 715,000
1994 775,000
1995 835,000
1996 895,000
1997 960,000
1998 1,030,000
1999 1,110,000
2000 1,190,000
Redemption
The Bonds maturing on December 1, 1995, and thereafter, may be called for redemption and
payment prior to maturity at the option of the Board, as a whole or in part (bonds of less than a full
maturity to be selected by the bond Registrar by lot or in such equitable manner as it shall designate),
on December 1, 1994, or on any interest payment date thereafter, at the following prices, expressed
as percentages of principal amount, together with accrued interest to the date of redemption and
payment:
Rate
Year
9.00%
2001
9.00%
2002
9.00%
2003
9.00%
2004
9.00%
2005
9.00%
2006
9.00%
2007
7.20%
2008
6.50%
2009
6.60%
2010
6.70%
2011
6.80%
2012
6.90%
Amount
Rate
$ 1,285,000
7.00%
1,385,000
7.10%
1,495,000
7.30%
1,620,000
7.40%
1,755,000
7.40%
1,900,000
7.50%
2,060,000
7.50%
2,230,000
7.60%
2,415,000
7.70%
2,615,000
7.70%
2,835,000
7.70%
3,080,000
7.70%
-63-
BOARD OF FUND COMMISSIONERS
WATER POLLUTION CONTROL BONDS
$35,000,000
SERIES B 1987
(Partially Refunded)
Redemption (continued)
Redemption Dates
Redemption
Prices
December 1 , 1 994 and June 1 , 1 995
December 1 , 1 995 and June 1 , 1 996
December 1 , 1 996 and June 1 , 1 997
December 1 , 1 997 and thereafter
103%
102%
101%
100%
In the event of any such redemption, the Board, or the Bond Registrar acting on behalf of the
Board, shall give written notice of its intention to redeem and pay the bonds. Such notice to be given
by United States registered or certified mail not less than 30 days prior to the date fixed for
redemption, addressed to the registered owner of any bond being redeemed, to the State Auditor of
Missouri, and to the manager of the underwriting group purchasing the bonds.
On November 1 , 1991 , $30,695,000 of outstanding Series B 1987 Bonds were refunded with the
issuance of Series C 1991 Refunding Bonds. This amount represented only the callable portions of
the bonds, $2,755,000 of the bonds were not refunded and remain a liability of the Board. The
proceeds of the refunding bonds were deposited in an escrow fund with Commerce Bank of Kansas
City, N.A. The money in the escrow fund was used to pay the principal and interest of the callable
portions of the Series B 1987 Bonds. With the deposit of these moneys in the escrow fund, the
callable portions of the Series B 1987 Bonds were legally defeased.
The Series B 1987 Bonds maturing on December 1, 1995, and thereafter were called for
redemption on December 1, 1994, at 103%.
Defeasance
Call Date
- 64-
WATER POLLUTION CONTROL BONDS
DEBT SERVICE SCHEDULE
SERIES: B 1 987 (FY96-201 3 CALLABLES REFUNDED BY SERIES C 1 991 REFUNDING)
DATE ISSUED: 12/1/87
AMOUNT OF ISSUE: $35,000,000
FISCAL
INTEREST
INTEREST
PRINCIPAL
ANNUAL
OUTSTANDING
YEAR
12/1
6/1
12/1
DEBT SERVICE
PRINCIPAL
1988
1,326,060.00
1,326,060.00
35,000,000.00
1989
1,326,060.00
1,304,685.00
475,000.00
3,105,745.00
34,525,000.00
1990
1,304,685.00
1,281,510.00
515,000.00
3,101,195.00
34,010,000.00
1991
1,281,510.00
1,256,310.00
560,000.00
3,097,820.00
33,450,000.00
1992
123,975.00
96,750.00
605,000.00
825,725.00
2,150,000.00
1993
96,750.00
67,050.00
660,000.00
823,800.00
1,490,000.00
1994
67,050.00
34,875.00
715,000.00
816,925.00
775,000.00
1995
34,875.00
775,000.00
809,875.00
TOTAL
4,234,905.00
5,367,240.00
4,305,000.00
13,907,145.00
-65-
BOARD OF FUND COMMISSIONERS
WATER POLLUTION CONTROL BONDS
$35,000,000 (Partially Refunded)
SERIES A 1989
DATED September 1 , 1 989
SALE DATE September 6, 1 989
INTEREST PAYMENT DATES March 1 and September 1 commencing March 1, 1990
PRINCIPAL PAYMENT DATE September 1 commencing September 1 , 1 990
TRUE INTEREST COST 6.785724%
BOND COUNSEL Gilmore & Bell
FINANCIAL ADVISOR A.G. Edwards & Sons, Inc.
UNDERWRITER MANAGER Boatmen's National Bank of St. Louis
PAYING AGENT State Street Bank and Trust, NY, NY (acquired
original Paying Agent, Citibank, N.A. in 7/93)
AUTHORIZATION Article III, Section 37(c) - $25,000,000
Section 37(e) - $10,000,000
Maturities and Interest Rates
Year Amount
1990 $ 555,000
1991 595,000
1992 635,000
1993 680,000
1994 730,000
1995 785,000
1996 840,000
1997 900,000
1998 965,000
1999 1,035,000
2000 1,105,000
2001 1,175,000
2002 1,255,000
Redemption
At the option of the Board, bonds maturing on September 1 , 2000 and thereafter may be called
for redemption and payment prior to maturity, on September 1, 1999 and thereafter, in whole at any
time or in part on any interest payment date, in inverse order of maturity (bonds of less than a full
maturity to be selected by lot by the Bond Registrar in such equitable manner as it shall designate), at
a redemption price equal to 100% of the principal amount thereof, together with accrued interest
thereon to the redemption date, without premium.
Rate
Year
8.90%
2003
8.90%
2004
8.90%
2005
8.00%
2006
7.80%
2007
7.75%
2008
7.75%
2009
8.00%
2010
7.40%
2011
6.40%
2012
6.40%
2013
6.50%
2014
6.50%
Amount
Rate
$ 1,340,000
6.60%
1,430,000
6.60%
1,525,000
6.60%
1,630,000
6.65%
1,740,000
6.70%
1,860,000
6.70%
1,990,000
6.70%
2,130,000
6.75%
2,275,000
6.75%
2,435,000
6.75%
2,605,000
6.75%
2,785,000
6.75%
-66-
BOARD OF FUND COMMISSIONERS
WATER POLLUTION CONTROL BONDS
$35,000,000 (Partially Refunded)
SERIES A 1989
Redemption (continued)
In the event of any such redemption, the Board, or the Bond Registrar acting on behalf of the
Board, shall give written notice of its intention to redeem and pay the bonds, said notice to be given by
United States registered mail addressed to the State Auditor of Missouri, to the registered owner of
any bond being redeemed, and to the manager of the underwriting group purchasing the bonds, each
of said notices to be mailed not less than 30 days prior to the date fixed for redemption.
Defeasance
On August 1, 1993, $27,280,000 of outstanding Series A 1989 Bonds were refunded with the
issuance of Series B 1993 Refunding Bonds. This amount represented only the callable portions of
the bonds, $5,935,000 of the bonds were not refunded and remain a liability of the Board. The
proceeds of the refunding bonds were deposited in an escrow fund with Boatmen's Trust Company,
St. Louis. The money in the escrow fund was used to pay the principal and interest of the callable
portions of the Series A 1989 Bonds. With the deposit of these moneys in the escrow fund, the
callable portions of the Series A 1989 Bonds were legally defeased.
Call Date
The Series A 1989 Bonds maturing on September 1, 2000, and thereafter were called for
redemption on September 1, 1999, at 100%.
- 67-
WATER POLLUTION CONTROL BONDS
DEBT SERVICE SCHEDULE
SERIES: A 1 989 (FY2001 -1 5 CALLABLES REFUNDED BY SERIES B 1 993 REFUNDING)
DATE ISSUED: 9/1/89
AMOUNT OF ISSUE: $35,000,000
FISCAL
INTEREST
INTEREST
PRINCIPAL
ANNUAL
OUTSTANDING
YEAR
9/1
3/1
9/1
DEBT SERVICE
PRINCIPAL
1990
-
1,213,191.25
-
1,213,191.25
35,000,000.00
1991
1,213,191.25
1,188,493.75
555,000.00
2,956,685.00
34,445,000.00
1992
1,188,493.75
1,162,016.25
595,000.00
2,945,510.00
33,850,000.00
1993
1,162,016.25
1,133,758.75
635,000.00
2,930,775.00
33,215,000.00
1994
223,463.75
196,263.75
680,000.00
1,099,727.50
5,255,000.00
1995
196,263.75
167,793.75
730,000.00
1,094,057.50
4,525,000.00
1996
167,793.75
137,375.00
785,000.00
1,090,168.75
3,740,000.00
1997
137,375.00
104,825.00
840,000.00
1,082,200.00
2,900,000.00
1998
104,825.00
68,825.00
900,000.00
1,073,650.00
2,000,000.00
1999
68,825.00
33,120.00
965,000.00
1,066,945.00
1,035,000.00
2000
33,120.00
1,035,000.00
1,068,120.00
TOTAL
4,495,367.50
5,405,662.50
7,720,000.00
17,621,030.00
-68-
BOARD OF FUND COMMISSIONERS
WATER POLLUTION CONTROL BONDS
$35,000,000 (Partially Refunded)
SERIES A 1991
DATED August 1,1991
SALE DATE July 17, 1991
INTEREST PAYMENT DATES February 1 and August 1 commencing February 1 , 1992
PRINCIPAL PAYMENT DATE August 1 commencing August 1 , 1 992
TRUE INTEREST COST 6.537782%
BOND COUNSEL Gilmore & Bell
FINANCIAL ADVISOR Boatmen's National Bank of St. Louis
UNDERWRITER MANAGER Kidder, Peabody & Co.
PAYING AGENT State Street Bank and Trust, NY, NY (acquired
original Paying Agent, Citibank, N.A., in 7/93)
AUTHORIZATION Article III, Section 37(c) - $25,000,000
Section 37(e) - $10,000,000
Maturities and Interest Rates
Year
Amount
Rate
Year
Amount
Rate
1992
$ 555,000
8.40%
2005
$ 1,335,000
6.38%
1993
590,000
8.40%
2006
1,425,000
6.38%
1994
635,000
8.40%
2007
1,525,000
6.38%
1995
680,000
8.40%
2008
1,635,000
6.40%
1996
725,000
8.40%
2009
1,750,000
6.40%
1997
775,000
8.40%
2010
1,870,000
6.50%
1998
830,000
8.40%
2011
2,000,000
6.50%
1999
890,000
7.50%
2012
2,140,000
6.50%
2000
950,000
5.90%
2013
2,290,000
6.50%
2001
1,020,000
6.00%
2014
2,450,000
6.50%
2002
1,090,000
6.10%
2015
2,625,000
6.50%
2003
1,165,000
6.20%
2016
2,805,000
6.50%
2004
1,245,000
6.20%
Redemption
At the option of the Board, bonds maturing on August 1 , 2002 and thereafter may be called for
redemption and payment prior to maturity, on August 1, 2001 and thereafter, in whole at any time or in
part on any interest payment date, in inverse order of maturity (bonds of less than a full maturity to be
selected by lot by the Bond Registrar in such equitable manner as it shall designate), at a redemption
price equal to 100% of the principal amount thereof, together with accrued interest thereon to the
redemption date, without premium.
-69-
BOARD OF FUND COMMISSIONERS
WATER POLLUTION CONTROL BONDS
$35,000,000 (Partially Refunded)
SERIES A 1991
Redemption (continued)
In the event of any such redemption, the Board, or the Bond Registrar acting on behalf of the
Board, shall give written notice of its intention to redeem and pay the bonds, said notice to be given by
United States first class, certified or registered mail addressed to the State Auditor of Missouri, to the
registered owner of any bond being redeemed, and to the manager of the underwriting group
purchasing the bonds, each of said notices to be mailed not less than thirty (30) days prior to the date
fixed for redemption.
Defeasance
On August 1, 1993, $27,350,000 of outstanding Series A 1991 Bonds were refunded with the
issuance of Series B 1993 Refunding Bonds. This amount represented only the callable portions of the
bonds, $7,095,000 of the bonds were not refunded and remain a liability of the Board. The proceeds of
the refunding bonds were deposited in an escrow fund with Boatmen's Trust Company, St. Louis. The
money in the escrow fund was used to pay the principal and interest of the callable portions of the
Series A 1991 Bonds. With the deposit of these moneys in the escrow fund, the callable portions of the
Series A 1991 Bonds were legally defeased.
Call Date
The Series A 1991 Bonds maturing on August 1, 2002, and thereafter were called for redemption
on August 1, 2001, at 100%.
-70-
WATER POLLUTION CONTROL BONDS
DEBT SERVICE SCHEDULE
SERIES: A 1991 (FY2003-17 CALLABLES REFUNDED BY SERIES B 1993 REFUNDING)
DATE ISSUED: 8/1/91
AMOUNT OF ISSUE: $35,000,000
FISCAL
INTEREST
INTEREST
PRINCIPAL
ANNUAL
OUTSTANDING
YEAR
8/1
2/1
8/1
DEBT SERVICE
PRINCIPAL
1992
-
1,171,889.38
-
1,171,889.38
35,000,000.00
1993
1,171,889.38
1,148,579.38
555,000.00
2,875,468.76
34,445,000.00
1994
1,148,579.38
245,090.00
590,000.00
1,983,669.38
6,505,000.00
1995
245,090.00
218,420.00
635,000.00
1,098,510.00
5,870,000.00
1996
218,420.00
189,860.00
680,000.00
1,088,280.00
5,190,000.00
1997
189,860.00
159,410.00
725,000.00
1,074,270.00
4,465,000.00
1998
159,410.00
126,860.00
775,000.00
1,061,270.00
3,690,000.00
1999
126,860.00
92,000.00
830,000.00
1,048,860.00
2,860,000.00
2000
92,000.00
58,625.00
890,000.00
1,040,625.00
1,970,000.00
2001
58,625.00
30,600.00
950,000.00
1,039,225.00
1,020,000.00
2002
30,600.00
1,020,000.00
1,050,600.00
TOTAL
3,441,333.76
3,441,333.76
7,650,000.00
14,532,667.52
- 71 -
BOARD OF FUND COMMISSIONERS
WATER POLLUTION CONTROL BONDS
$17,435,000 (Partially Refunded)
SERIES B 1991 REFUNDING
DATED November 1, 1991
SALE DATE October 23, 1 991
INTEREST PAYMENT DATES May1 and November 1 commencing May 1 , 1992
PRINCIPAL PAYMENT DATE ----- November 1 commencing November 1 , 1 992
TRUE INTEREST COST 6.1 10755%
BOND COUNSEL Gilmore & Bell
FINANCIAL ADVISOR Boatmen's National Bank of St. Louis
UNDERWRITER MANAGER Goldman, Sachs & Co.
PAYING AGENT The Chase Manhattan Bank, New York, NY
ESCROW AGENT Commerce Bank of Kansas City
ESCROW VERIFICATION AGENT Causey Demgen and Moore, Denver, CO
Maturities and Interest Rates
Year
Amount
Rate
Year
Amount
Rate
1992
$ 75,000
7.75%
2003
$ 1,050,000
5.80%
1993
285,000
7.75%
2004
1,125,000
6.00%
1994
310,000
7.75%
2005
1,195,000
6.10%
1995
630,000
7.75%
2006
1,280,000
6.20%
1996
685,000
7.75%
2007
1,370,000
6.25%
1997
720,000
6.50%
2008
755,000
6.25%
1998
765,000
5.25%
2009
810,000
6.25%
1999
815,000
5.30%
2010
865,000
6.30%
2000
870,000
5.40%
2011
930,000
6.30%
2001
925,000
5.50%
2012
995,000
6.30%
2002
980,000
5.70%
Redemption
At the option of the Board, bonds maturing on November 1, 2002 and thereafter may be
called for redemption and payment prior to maturity, on November 1, 2001 and thereafter, in whole
at any time or in part on any interest payment date, in inverse order of maturity (bonds of less than
a full maturity to be selected by lot by the Bond Registrar in such equitable manner as it shall
designate), at a redemption price equal to 100% of the principal amount thereof, together with
accrued interest thereon to the redemption date, without premium.
-72-
BOARD OF FUND COMMISSIONERS
WATER POLLUTION CONTROL BONDS
$17,435,000 (Partially Refunded)
SERIES B 1991 REFUNDING
Redemption (continued)
In the event of any such redemption, the Board, or the Bond Registrar acting on behalf of the
Board, shall give written notice of its intention to redeem and pay the bonds, said notice to be
given by United States first class, certified or registered mail addressed to the State Auditor of
Missouri, to the registered owner of any bond being redeemed, and to the manager of the
underwriting group purchasing the bonds, each of said notices to be mailed not less than thirty (30)
days prior to the date fixed for redemption.
Note
The Series B 1991 Refunding Bonds were issued to refund the callable portions of the
following bonds:
Outstanding Principal Maturities
Series Principal Refunded Refunded
A 1983 $17,400,000 $16,415,000 1994-2008
The additional principal amount of the Series B 1991 Refunding Bonds did not decrease the
amount of the statutory authorization for the Water Pollution Control Bonds.
Defeasance
On August 1, 1993, $11,355,000 of outstanding Series B 1991 Refunding Bonds were
refunded with the issuance of Series B 1993 Refunding Bonds. This amount represented only the
callable portions of the bonds, $6,005,000 of the bonds were not refunded and remain a liability of
the Board. The proceeds of the refunding bonds were deposited in an escrow fund with Boatmen's
Trust Company, St. Louis. The money in the escrow fund was used to pay the principal and
interest of the callable portions of the Series B 1991 Refunding Bonds. With the deposit of these
moneys in the escrow fund, the callable portions of the Series B 1991 Refunding Bonds were
legally defeased.
Call Date
The Series B 1991 Refunding Bonds maturing on November 1, 2002, and thereafter were
recalled for redemption on November 1, 2001, at 100%.
-73-
WATER POLLUTION CONTROL BONDS
DEBT SERVICE SCHEDULE
SERIES: B 1991 REFUNDING (Refunded A1983)
DATE ISSUED: 11/1/91 Refunding Excess: $1,020,000
AMOUNT OF ISSUE: $17,435,000 (FY03-FY13 refunded with Series B 1993)*
FISCAL
INTEREST
INTEREST
PRINCIPAL
ANNUAL
OUTSTANDING
YEAR
11/1
5/1
11/1
DEBT SERVICE
PRINCIPAL
1992
-
538,786.25
-
538,786.25
17,435,000.00
1993
538,786.25
535,880.00
75,000.00
1,149,666.25
17,360,000.00
1994
188,018.75
176,975.00
285,000.00
649,993.75
5,720,000.00
1995
176,975.00
164,962.50
310,000.00
651,937.50
5,410,000.00
1996
164,962.50
140,550.00
630,000.00
935,512.50
4,780,000.00
1997
140,550.00
114,006.25
685,000.00
939,556.25
4,095,000.00
1998
114,006.25
90,606.25
720,000.00
924,612.50
3,375,000.00
1999
90,606.25
70,525.00
765,000.00
926,131.25
2,610,000.00
2000
70,525.00
48,927.50
815,000.00
934,452.50
1,795,000.00
2001
48,927.50
25,437.50
870,000.00
944,365.00
925,000.00
2002
25,437.50
925,000.00
950,437.50
TOTAL
1,558,795.00
1,906,656.25
6,080,000.00
9,545,451.25
Amount Refunded: $11,355,000
- 74-
BOARD OF FUND COMMISSIONERS
WATER POLLUTION CONTROL BONDS
$33,575,000 (Refunded)
SERIES C 1991 REFUNDING
DATED November 1, 1991
SALE DATE October 23, 1 991
INTEREST PAYMENT DATES May 1 and November 1 commencing May 1 , 1992
PRINCIPAL PAYMENT DATE November 1 commencing November 1 , 1 992
TRUE INTEREST COST 6.1 10755%
BOND COUNSEL Gilmore & Bell
FINANCIAL ADVISOR Boatmen's National Bank of St. Louis
UNDERWRITER MANAGER Goldman, Sachs & Co.
PAYING AGENT The Chase Manhattan Bank, New York, NY
ESCROW AGENT Commerce Bank of Kansas City
ESCROW VERIFICATION AGENT Causey Demgen and Moore, Denver, CO
Maturities and Interest Rates
Year
Amount
Rate
Year
Amount
Rate
1992
$ 150,000
7.75%
2003
$ 2,015,000
5.80%
1993
545,000
7.75%
2004
2,160,000
6.00%
1994
600,000
7.75%
2005
2,305,000
6.10%
1995
1,210,000
7.75%
2006
2,470,000
6.20%
1996
1,325,000
7.75%
2007
2,645,000
6.25%
1997
1,380,000
6.50%
2008
1 ,455,000
6.25%
1998
1 ,475,000
5.25%
2009
1,560,000
6.25%
1999
1,565,000
5.30%
2010
1,665,000
6.30%
2000
1,670,000
5.40%
2011
1,785,000
6.30%
2001
1,780,000
5.50%
2012
1,920,000
6.30%
2002
1,895,000
5.70%
Redemption
At the option of the Board, bonds maturing on November 1 , 2002 and thereafter may be called
for redemption and payment prior to maturity, on November 1 , 2001 and thereafter, in whole at any
time or in part on any interest payment date, in inverse order of maturity (bonds of less than a full
maturity to be selected by lot by the Bond Registrar in such equitable manner as it shall designate),
at a redemption price equal to 100% of the principal amount thereof, together with accrued interest
thereon to the redemption date, without premium.
-75-
BOARD OF FUND COMMISSIONERS
WATER POLLUTION CONTROL BONDS
$33,575,000 (Refunded)
SERIES C 1991 REFUNDING
Redemption (continued)
In the event of any such redemption, the Board, or the Bond Registrar acting on behalf of the
Board, shall give written notice of its intention to redeem and pay the bonds, said notice to be given
by United States first class, certified or registered mail addressed to the State Auditor of Missouri,
to the registered owner of any bond being redeemed, and to the manager of the underwriting group
purchasing the bonds, each of said notices to be mailed not less than thirty (30) days prior to the
date fixed for redemption.
Note
The Series C 1991 Refunding Bonds were issued to refund the callable portions of the
following bonds:
Outstanding Principal Maturities
Series Principal Refunded Refunded
B 1987 $33,450,000 $30,695,000 1995-2012
The additional principal amount of the Series C 1991 Refunding Bonds did not decrease the
amount of the statutory authorization for the Water Pollution Control Bonds.
Defeasance
On October 15, 2002, $21,875,000 of outstanding Series C 1991 Refunding Bonds were
refunded with the issuance of Series B 2002 Refunding Bonds. The proceeds of the refunding
bonds were deposited in an escrow fund with the First Bank of Missouri. The money in the escrow
fund was used to pay the principal and interest of the Series C 1991 Refunding Bonds. With the
deposit of these moneys in the escrow fund, the callable portions of the Series C 1991 Refunding
Bonds were legally defeased.
Call Date
The Series C 1991 Refunding Bonds maturing on November 1, 2002, and thereafter were
called for redemption on October 15, 2002.
-76-
WATER POLLUTION CONTROL BONDS
DEBT SERVICE SCHEDULE
SERIES: C 1991 REFUNDING (Refunded B1987)
DATE ISSUED: 11/1/91 Refunding Excess: $2,880,000
AMOUNT OF ISSUE: $33,575,000 (FY03-FY13 refunded with Series B 2002)
FISCAL
INTEREST
INTEREST
PRINCIPAL
ANNUAL
OUTSTANDING
YEAR
11/1
5/1
11/1
DEBT SERVICE
PRINCIPAL
1992
-
1,037,638.75
-
1,037,638.75
33,575,000.00
1993
1,037,638.75
1,031,826.25
150,000.00
2,219,465.00
33,425,000.00
1994
1,031,826.25
1,010,707.50
545,000.00
2,587,533.75
32,880,000.00
1995
1,010,707.50
987,457.50
600,000.00
2,598,165.00
32,280,000.00
1996
987,457.50
940,570.00
1,210,000.00
3,138,027.50
31,070,000.00
1997
940,570.00
889,226.25
1,325,000.00
3,154,796.25
29,745,000.00
1998
889,226.25
844,376.25
1,380,000.00
3,113,602.50
28,365,000.00
1999
844,376.25
805,657.50
1,475,000.00
3,125,033.75
26,890,000.00
2000
805,657.50
764,185.00
1,565,000.00
3,134,842.50
25,325,000.00
2001
764,185.00
719,095.00
1,670,000.00
3,153,280.00
23,655,000.00
2002
719,095.00
670,145.00
1,780,000.00
3,169,240.00
21,875,000.00
TOTAL
9,030,740.00
9,700,885.00
11,700,000.00
30,431,625.00
Amount Refunded: $21,875,000
- 77-
BOARD OF FUND COMMISSIONERS
WATER POLLUTION CONTROL BONDS
$35,000,000 (Refunded)
SERIES A 1992
DATED August 1,1992
SALE DATE July 9, 1992
INTEREST PAYMENT DATES February 1 and August 1 commencing February 1 , 1993
PRINCIPAL PAYMENT DATE August 1 commencing August 1 , 1 993
TRUE INTEREST COST 5.69247%
BOND COUNSEL Thompson & Mitchell
FINANCIAL ADVISOR A. G. Edwards & Sons, Inc.
UNDERWRITER MANAGER Merrill Lynch & Co.
PAYING AGENT State Street Bank and Trust, NY, NY (acquired
original Paying Agent, Citibank, N.A. in 7/93)
AUTHORIZATION Article III, Section 37(c) - $25,000,000
Section 37(e) - $10,000,000
Maturities and Interest Rates
Year Amount
1993 $ 650,000
1994 685,000
1995 725,000
1996 765,000
1997 810,000
1998 855,000
1999 905,000
2000 960,000
2001 1,015,000
2002 1,070,000
2003 1,135,000
2004 1,200,000
2005 1,270,000
Redemption
At the option of the Board, bonds maturing on August 1 , 2003 and thereafter may be called for
redemption and payment prior to maturity, on August 1 , 2002 and thereafter, in whole at any time or in
part on any interest payment date, in any order of maturity as designated by the Board (bonds of less
than a full maturity to be selected by lot by the Bond Registrar in such equitable manner as it shall
designate), at a redemption price equal to 100% of the principal amount thereof, together with
accrued interest thereon to the redemption date, without premium.
Rate
Year
Amount
Rate
7.50%
2006
$ 1,345,000
5.50%
7.50%
2007
1,425,000
5.63%
7.50%
2008
1,515,000
5.63%
7.50%
2009
1,610,000
5.70%
7.50%
2010
1,705,000
5.70%
6.75%
2011
1,815,000
5.70%
5.00%
2012
1,925,000
5.75%
5.00%
2013
2,050,000
5.75%
5.10%
2014
2,175,000
5.75%
5.10%
2015
2,315,000
5.75%
5.25%
2016
2,460,000
5.75%
5.30%
2017
2,615,000
5.75%
5.40%
-78-
BOARD OF FUND COMMISSIONERS
WATER POLLUTION CONTROL BONDS
$35,000,000 (Refunded)
SERIES A 1992
Redemption (continued)
In the event of any such redemption, the Board, or the Bond Registrar acting on behalf of the
Board, shall give written notice of its intention to redeem and pay the bonds, said notice to be given by
United States first class, certified or registered mail addressed to the State Auditor of Missouri, to the
registered owner of any bond being redeemed, and to the manager of the underwriting group
purchasing the bonds, each of said notices to be mailed not less than thirty (30) days prior to the date
fixed for redemption.
Defeasance
On October 15, 2002, $26,560,000 of outstanding Series A 1992 Bonds were refunded with the
issuance of Series B 2002 Refunding Bonds. The proceeds of the refunding bonds were deposited in
an escrow fund with the First Bank of Missouri. The money in the escrow fund was used to pay the
principal and interest of the Series A 1992 Bonds. With the deposit of these moneys in the escrow
fund, the callable portions of the Series A 1992 Bonds were legally defeased.
Call Date
The Series A 1992 Bonds maturing on August 1, 2003, and thereafter were called for
redemption on October 15, 2002.
-79-
WATER POLLUTION CONTROL BONDS
DEBT SERVICE SCHEDULE
SERIES: A 1992
DATE ISUED: 8/1/92
AMOUNT OF ISSUE: $35,000,000 (FY04-FY18 refunded with Series B 2002)
FISCAL
INTEREST
INTEREST
PRINCIPAL
a mmi 1 A I
ANNUAL
OUTSTANDING
YEAR
8/1
2/1
8/1
DEBT SERVICE
PRINCIPAL
1993
h nn e Ann An
1 ,01 0,000.00
4 AH A AAA AA
1 ,01 b, 000. 00
OIT AAA AAA AA
35,000,000.00
1994
-t n h /*» nnn nn
1 ,016,000.00
991 ,625.00
650,000.00
2,657,625.00
34,350,000.00
i yyo
nrn COC AA
991 ,b^b.OO
ACC (107 CA
9bb,9o/.b0
COC AAA AA
bob, 000. UU
O C/IO CCO CA
^,b4^,0D£i.bU
OO crc AAA AA
oo,bbb,000.UU
1996
965,937.50
938,750.00
725,000.00
2,629,687.50
32,940,000.00
1 QQ7
ens yin nn
71^ nnn nn
? Rn si ? ^n
I 0,0 1 tZ..O\J
"3? 1 7R nnn nn
1998
910,062.50
879,687.50
810,000.00
2,599,750.00
31,365,000.00
1999
879,687.50
850,831.25
855,000.00
2,585,518.75
30,510,000.00
2000
850,831.25
828,206.25
905,000.00
2,584,037.50
29,605,000.00
2001
828,206.25
804,206.25
960,000.00
2,592,412.50
28,645,000.00
2002
804,206.25
778,323.75
1,015,000.00
2,597,530.00
27,630,000.00
2003
778,323.75
1,070,000.00
1,848,323.75
TOTAL
8,963,630.00
8,963,630.00
8,440,000.00
26,367,260.00
* Amount Refunded: $26,560,000
-80-
BOARD OF FUND COMMISSIONERS
WATER POLLUTION CONTROL BONDS
$50,435,000 (Refunded)
SERIES B 1992 REFUNDING
DATED August 15, 1992
SALE DATE July 29, 1992
INTEREST PAYMENT DATES February 1 and August 1 commencing February 1 , 1993
PRINCIPAL PAYMENT DATE - August 1 commencing August 1 , 1 993
TRUE INTEREST COST 5.332850%
BOND COUNSEL Gilmore & Bell
FINANCIAL ADVISOR Boatmen's National Bank of St. Louis
UNDERWRITER MANAGER First Chicago Capital Markets, Inc.
PAYING AGENT Bank of New York (acquired the trust division of Mercantile
Bank, 3/98, who merged with original Paying Agent, Mark
Twain Bank, 6/97)
ESCROW AGENT Boatmen's Trust Company
ESCROW VERIFICATION AGENT GrantThornton, Minneapolis, MN
Maturities and Interest Rates
Year
Amount
Rate
Year
Amount
Rate
1993
$ 100,000
7.50%
2002
$ 3,010,000
5.000%
1994
150,000
7.50%
2003
3,330,000
5.000%
1995
200,000
7.50%
2004
3,570,000
5.100%
1996
250,000
7.50%
2005
3,765,000
5.250%
1997
2,305,000
7.50%
2006
4,100,000
5.250%
1998
2,480,000
7.50%
2007
4,360,000
5.250%
1999
2,705,000
7.50%
2008
4,570,000
5.250%
2000
2,795,000
5.00%
2009
4,800,000
5.125%
2001
2,845,000
5.00%
2010
5,100,000
5.000%
Redemption
At the option of the Board, bonds maturing on August 1 , 2003 and thereafter may be called for
redemption and payment prior to maturity, on August 1 , 2002 and thereafter, in whole at any time or in
part on any interest payment date, in inverse order of maturity (bonds of less than a full maturity to be
selected by lot by the Bond Registrar in such equitable manner as it shall designate), at a redemption
price equal to 100% of the principal amount thereof, together with accrued interest thereon to the
redemption date, without premium.
- 81 -
BOARD OF FUND COMMISSIONERS
WATER POLLUTION CONTROL BONDS
$50,435,000 (Refunded)
SERIES B 1992 REFUNDING
Redemption (continued)
In the event of any such redemption, the Board, or the Bond Registrar acting on behalf of the
Board, shall give written notice of its intention to redeem and pay the bonds, said notice to be given by
United States first class, certified or registered mail addressed to the State Auditor of Missouri, to the
registered owner of any bond being redeemed, and to the manager of the underwriting group
purchasing the bonds, each of said notices to be mailed not less than thirty (30) days prior to the date
fixed for redemption.
Note
The Series B 1992 Refunding Bonds were issued to refund the callable portions of the following
bonds:
Outstanding Principal Maturities
Series Principal Refunded Refunded
A 1986 $53,040,000 $46,400,000 1997-2010
The additional principal amount of the Series B 1992 Refunding Bonds did not decrease the
amount of the statutory authorization for the Water Pollution Control Bonds.
Defeasance
On October 15, 2002, $33,595,000 of outstanding Series B 1992 Refunding Bonds were
refunded with the issuance of Series B 2002 Refunding Bonds. The proceeds of the refunding bonds
were deposited in an escrow fund with the First Bank of Missouri. The money in the escrow fund was
used to pay the principal and interest of the Series B 1992 Refunding Bonds. With the deposit of
these moneys in the escrow fund, the callable portions of the Series B 1992 Refunding Bonds were
legally defeased.
Call Date
The Series B 1992 Refunding Bonds maturing on August 1, 2003, and thereafter were called for
redemption on October 15, 2002.
-82-
WATER POLLUTION CONTROL BONDS
DEBT SERVICE SCHEDULE
SERIES: B 1992 REFUNDING
DATE ISSUED: 8/15/92
AMOUNT OF ISSUE: $50,435,000
(Refunded A1986)
Refunding Excess: $4,035,000
(FY04-FY1 1 refunded with Series B 2002)*
FISCAL
INTEREST
INTEREST
PRINCIPAL
ANNUAL
OUTSTANDING
YEAR
8/1
2/1
8/1
DEBT SERVICE
PRINCIPAL
1993
-
1,280,993.18
-
1,280,993.18
50,435,000.00
1994
1,389,028.75
1,385,278.75
100,000.00
2,874,307.50
50,335,000.00
1995
1,385,278.75
1,379,653.75
150,000.00
2,914,932.50
50,185,000.00
1996
1,379,653.75
1,372,153.75
200,000.00
2,951,807.50
49,985,000.00
1997
1,372,153.75
1,362,778.75
250,000.00
2,984,932.50
49,735,000.00
1998
1,362,778.75
1,276,341.25
2,305,000.00
4,944,120.00
47,430,000.00
1999
1,276,341.25
1,183,341.25
2,480,000.00
4,939,682.50
44,950,000.00
2000
1,183,341.25
1,081,903.75
2,705,000.00
4,970,245.00
42,245,000.00
2001
1,081,903.75
1,012,028.75
2,795,000.00
4,888,932.50
39,450,000.00
2002
1,012,028.75
940,903.75
2,845,000.00
4,797,932.50
36,605,000.00
2003
940,903.75
3,010,000.00
3,950,903.75
TOTAL
12,383,412.50
12,275,376.93
16,840,000.00
41,498,789.43
Amount Refunded: $33,595,000
-83-
BOARD OF FUND COMMISSIONERS
WATER POLLUTION CONTROL BONDS
$30,000,000 (Partially Refunded)
SERIES A 1993
DATED August 1,1993
SALE DATE July 21, 1993
INTEREST PAYMENT DATES February 1 and August 1 commencing February 1 , 1994
PRINCIPAL PAYMENT DATE August 1 commencing August 1 , 1 994
TRUE INTEREST COST 4.9654%
BOND COUNSEL Thompson & Mitchell
FINANCIAL ADVISOR A.G. Edwards & Sons Inc., St. Louis
UNDERWRITER MANAGER The First Boston Corporation
PAYING AGENT Bank of New York (acquired original Paying Agent,
Boatmen's Trust Company, 8/97)
AUTHORIZATION Article III, Section 37(c) - $15,000,000
Section 37(e) - $15,000,000
Maturities and Interest Rates
Year Amount
1994 $ 610,000
1995 640,000
1996 670,000
1997 705,000
1998 735,000
1999 775,000
2000 815,000
2001 855,000
2002 900,000
2003 945,000
2004 990,000
2005 1,045,000
2006 1,100,000
Redemption
At the option of the Board, bonds maturing on August 1 , 2004 and thereafter may be called for
redemption and payment prior to maturity, on August 1 , 2003 and thereafter, in whole at any time or in
part on any interest payment date, in any order of maturity as designated by the Board (bonds of less
than a full maturity to be selected by lot by the Bond Registrar in such equitable manner as it shall
designate), at a redemption prices together with accrued interest thereon to the redemption date, set
forth in the following table:
Rate
Year
Amount
Rate
7.300%
2007
$ 1,160,000
5.00%
7.300%
2008
1,225,000
5.10%
7.300%
2009
1,295,000
5.10%
7.300%
2010
1,365,000
5.10%
5.125%
2011
1 ,445,000
5.10%
6.150%
2012
1,525,000
5.10%
4.300%
2013
1,615,000
5.10%
4.400%
2014
1,705,000
5.10%
4.500%
2015
1,805,000
5.10%
4.600%
2016
1,910,000
5.10%
4.800%
2017
2,025,000
5.10%
4.900%
2018
2,140,000
5.10%
5.000%
- 84-
BOARD OF FUND COMMISSIONERS
WATER POLLUTION CONTROL BONDS
$30,000,000
SERIES A 1993
(Partially Refunded)
Redemption (continued)
Redemption Dates
Redemption
Prices
August 1 , 2003 through July 31 , 2004
August 1 , 2004 through July 31 , 2005
August 1 , 2005 and thereafter
102%
101%
100%
In the event of any such redemption, the Board, or the Bond Registrar acting on behalf of the
Board, shall give written notice of its intention to redeem and pay the bonds, said notice to be given by
United States first class, certified or registered mail addressed to the State Auditor of Missouri, to the
registered owner of any bond being redeemed, and to the manager of the underwriting group
purchasing the bonds, each of said notices to be mailed not less than thirty (30) days prior to the date
fixed for redemption.
On October 15, 2002, $22,350,000 of outstanding Series A 1993 Bonds were refunded with the
issuance of Series B 2002 Refunding Bonds. This amount represents only the callable portions of the
bonds, $945,000 of the bonds were not refunded and remain a liability of the Board. The proceeds of
the refunding bonds were deposited in an escrow fund with the First Bank of Missouri. The money in
the escrow fund was used to pay the principal and interest of the callable portions of the Series A
1993 Bonds. With the deposit of these moneys in the escrow fund, the callable portions of the Series
A 1 993 Bonds were legally defeased.
The Series A 1 993 Bonds maturing on August 1 , 2004, and thereafter were called for redemption
on August 1, 2003.
Defeasance
Call Date
-85-
WATER POLLUTION CONTROL BONDS
DEBT SERVICE SCHEDULE
SERIES: A 1993
DATE ISSUED: 8/1/93
AMOUNT OF ISSUE: $30,000,000 (FY05-FY19 refunded with Series B 2002)
FISCAL
INTEREST
INTEREST
PRINCIPAL
ANNUAL
OUTSTANDING
YEAR
8/1
2/1
8/1
DEBT SERVICE
PRINCIPAL
1994
-
783,060.63
-
783,060.63
30,000,000.00
1995
783,060.63
760,795.63
610,000.00
2,153,856.26
29,390,000.00
1996
760,795.63
737,435.63
640,000.00
2,138,231.26
28,750,000.00
1997
737,435.63
712,980.63
670,000.00
2,120,416.26
28,080,000.00
1998
712,980.63
687,248.13
705,000.00
2,105,228.76
27,375,000.00
1999
687,248.13
668,413.75
735,000.00
2,090,661.88
26,640,000.00
2000
668,413.75
644,582.50
775,000.00
2,087,996.25
25,865,000.00
2001
644,582.50
627,060.00
815,000.00
2,086,642.50
25,050,000.00
2002
627,060.00
608,250.00
855,000.00
2,090,310.00
24,195,000.00
2003
608,250.00
21,735.00
900,000.00
1,529,985.00
945,000.00
2004
21,735.00
945,000.00
966,735.00
TOTAL
6,251,561.90
6,251,561.90
7,650,000.00
20,153,123.80
Amount Refunded: $22,350,000
-86-
BOARD OF FUND COMMISSIONERS
WATER POLLUTION CONTROL BONDS
$109,415,000
SERIES B 1993 REFUNDING
(Refunded)
DATED August 1,1993
SALE DATE July 21, 1993
INTEREST PAYMENT DATES February 1 and August 1 commencing February 1 , 1994
PRINCIPAL PAYMENT DATE - August 1 commencing August 1 , 1 994
TRUE INTEREST COST 4.9654%
BOND COUNSEL Thompson & Mitchell
FINANCIAL ADVISOR A.G. Edwards & Sons Inc., St. Louis
UNDERWRITER MANAGER The First Boston Corporation
PAYING AGENT Bank of New York (acquired original Paying Agent,
Boatmen's Trust Company, 8/97)
ESCROW AGENT Boatmen's Trust Company
ESCROW VERIFICATION AGENT Causey, Demgen & Moore, Denver, CO
Maturities and Interest Rates
Year
Amount
Rate
Year
Amount
Rate
1994
$ 735,000
7.300%
2006
$ 8,115,000
5.00%
1995
795,000
7.300%
2007
8,535,000
5.00%
1996
860,000
7.300%
2008
8,290,000
5.10%
1997
935,000
7.300%
2009
6,490,000
5.10%
1998
3,305,000
5.125%
2010
4,935,000
5.10%
1999
3,460,000
6.150%
2011
5,205,000
5.10%
2000
4,710,000
4.300%
2012
5,485,000
5.10%
2001
4,410,000
4.400%
2013
4,725,000
5.10%
2002
6,665,000
4.500%
2014
4,980,000
5.10%
2003
7,000,000
4.600%
2015
2,295,000
5.10%
2004
7,345,000
4.800%
2016
2,420,000
5.10%
2005
7,720,000
4.900%
Redemption
At the option of the Board, bonds maturing on August 1 , 2004 and thereafter may be called for
redemption and payment prior to maturity, on August 1 , 2003 and thereafter, in whole at any time or in
part on any interest payment date, in any order of maturity as designated by the Board (bonds of less
than a full maturity to be selected by lot by the Bond Registrar in such equitable manner as it shall
designate), at a redemption prices together with accrued interest thereon to the redemption date, set
forth in the following table:
- 87-
BOARD OF FUND COMMISSIONERS
WATER POLLUTION CONTROL BONDS
$109,415,000 (Refunded)
SERIES B 1993 REFUNDING
Redemption (continued)
Redemption
Redemption Dates Prices
August 1 , 2003 through July 31 , 2004 1 02%
August 1 , 2004 through July 31, 2005 101%
August 1 , 2005 and thereafter 1 00%
In the event of any such redemption, the Board, or the Bond Registrar acting on behalf of the
Board, shall give written notice of its intention to redeem and pay the bonds, said notice to be given by
United States first class, certified or registered mail addressed to the State Auditor of Missouri, to the
registered owner of any bond being redeemed, and to the manager of the underwriting group
purchasing the bonds, each of said notices to be mailed not less than thirty (30) days prior to the date
fixed for redemption.
Note
The Series B 1993 Refunding Bonds were issued to refund the callable portions of the following
bonds:
Outstanding Principal Maturities
Series Principal Refunded Refunded
A 1987 Refunding $42,825,000 $33,240,000 1998-2009
A 1989 33,215,000 27,280,000 2000-2014
A 1991 34,445,000 27,350,000 2002-2016
B 1991 Refunding 17,360,000 11,355,000 2002-2012
$99,225,000
The additional principal amount of the Series B 1993 Refunding Bonds did not decrease the
amount of the statutory authorization for the Water Pollution Control Bonds.
Defeasance
On October 7, 2003, $76,540,000 of outstanding Series B 1993 Refunding Bonds were refunded
with the issuance of Series A 2003 Refunding Bonds. The proceeds of the refunding bonds were
deposited in an escrow fund with the UMB Bank. The money in the escrow fund is to be used to pay
the principal and interest of the Series B 1993 Refunding Bonds. With the deposit of these moneys in
the escrow fund, the callable portions of the Series B 1993 Refunding Bonds were legally defeased.
Call Date
The Series B 1993 Refunding Bonds maturing on August 1, 2004, and thereafter were called for
redemption on October 29, 2003.
-88-
WATER POLLUTION CONTROL BONDS
DEBT SERVICE SCHEDULE (Refunded A1 987 Refunding, A1 989, A1 991 ,
SERIES: B 1993 REFUNDING B1991 Refunding)
DATE ISSUED: 8/1/93 Refunding Excess: $10,190,000
AMOUNT OF ISSUE: $109,415,000 (FY05-FY1 7 refunded with Series A 2003)*
FISCAL
INTEREST
INTEREST
PRINCIPAL
ANNUAL
OUTSTANDING
YEAR
8/1
2/1
8/1
DEBT SERVICE
PRINCIPAL
1994
-
2,746,403.13
-
2,746,403.13
109,415,000.00
1995
2,746,403.13
2,719,575.63
735,000.00
6,200,978.76
108,680,000.00
1996
2,719,575.63
2,690,558.13
795,000.00
6,205,133.76
107,885,000.00
1997
2,690,558.13
2,659,168.13
860,000.00
6,209,726.26
107,025,000.00
1998
2,659,168.13
2,625,040.63
935,000.00
6,219,208.76
106,090,000.00
1999
2,625,040.63
2,540,350.00
3,305,000.00
8,470,390.63
102,785,000.00
2000
2,540,350.00
2,433,955.00
3,460,000.00
8,434,305.00
99,325,000.00
2001
2,433,955.00
2,332,690.00
4,710,000.00
9,476,645.00
94,615,000.00
2002
2,332,690.00
2,235,670.00
4,410,000.00
8,978,360.00
90,205,000.00
2003
2,235,670.00
2,085,707.50
6,665,000.00
10,986,377.50
83,540,000.00
2004
2,085,707.50
7,000,000.00
9,085,707.50
TOTAL
25,069,118.15
25,069,118.15
32,875,000.00
83,013,236.30
*
Amount Refunded:
$76,540,000
-89-
BOARD OF FUND COMMISSIONERS
WATER POLLUTION CONTROL BONDS
$30,000,000 (Partially Refunded)
SERIES A 1995
DATED April 1,1995
SALE DATE March 28, 1995
INTEREST PAYMENT DATES April 1 and October 1 commencing October 1 , 1995
PRINCIPAL PAYMENT DATE April 1 commencing April 1 , 1 996
TRUE INTEREST COST 5.61 52%
BOND COUNSEL Gilmore & Bell and Hardwick Law Firm
FINANCIAL ADVISOR A.G. Edwards & Sons
UNDERWRITER MANAGER Morgan Stanley & Co.
PAYING AGENT Bank of New York (acquired original Paying Agent,
Boatmen's Trust Company, 8/97)
AUTHORIZATION Article III, Section 37(c) - $ 5,000,000
Section 37(e) - $25,000,000
Maturities and Interest Rates
Year Amount
1996 $ 550,000
1997 590,000
1998 635,000
1999 680,000
2000 730,000
2001 770,000
2002 815,000
2003 860,000
2004 900,000
2005 950,000
2006 1,000,000
2007 1,050,000
2008 1,105,000
Redemption
At the option of the Board, bonds maturing on April 1 , 2006 and thereafter may be called for
redemption and payment prior to maturity on April 1 , 2005 and thereafter, in whole at any time or in
part on any interest payment date at redemption prices as follows:
Rate
Year
Amount
Rate
8.000%
2009
$ 1,170,000
5.400%
6.000%
2010
1,235,000
5.400%
6.000%
2011
1,300,000
5.500%
6.000%
2012
1,375,000
5.500%
6.000%
2013
1 ,455,000
5.600%
6.000%
2014
1,540,000
5.600%
6.000%
2015
1,625,000
5.600%
7.000%
2016
1,720,000
5.625%
7.000%
2017
1,820,000
5.625%
7.000%
2018
1 ,925,000
5.500%
5.125%
2019
2,040,000
5.500%
5.250%
2020
2,160,000
5.500%
5.375%
-90-
BOARD OF FUND COMMISSIONERS
WATER POLLUTION CONTROL BONDS
$30,000,000
SERIES A 1995
(Partially Refunded)
Redemption (continued)
Redemption Dates
Redemption
Prices
April 1 , 2005 through March 31 , 2006
April 1 , 2006 through March 31 , 2007
April 1 , 2007 and thereafter
102%
101%
100%
The bonds maturing April 1, 2020 are subject to mandatory redemption in integral multiples of
$5,000 selected by lot by the Bond Registrar, through the application of sinking fund payments at a
redemption price equal to 100% plus accrued interest thereon, on April 1 of each of the following
years in principal amounts as follows:
In the event of any redemption, the Board or Bond Registrar acting on behalf of the Board, shall
give written notice of its intention to redeem and pay the bonds by United State first class, registered
or certified mail addressed to the registered owner of the bonds to be redeemed and to the manager
of the underwriter group purchasing the bonds, each of the notices to be mailed not less than 30 days
prior to the date fixed for redemption.
On October 15, 2002, $22,520,000 of outstanding Series A 1995 Bonds were refunded with the
issuance of Series B 2002 Refunding Bonds. This amount represents only the callable portions of the
bonds, $2,710,000 of the bonds were not refunded and remain a liability of the state. The proceeds of
the refunding bonds were deposited in an escrow fund with the First Bank of Missouri. The money in
the escrow fund is to be used to pay the principal and interest of the callable portions of the Series A
1995 Bonds. With the deposit of these moneys in the escrow fund, the callable portions of the Series
A 1 995 Bonds were legally defeased.
The Series A 1995 Bonds maturing on April 1, 2006, and thereafter were called for redemption
on April 1 , 2005.
Year
2018
2019
2020 (maturity)
$1,925,000
$2,040,000
$2,160,000
Defeasance
Call Date
- 91 -
WATER POLLUTION CONTROL BONDS
DEBT SERVICE SCHEDULE
SERIES: A 1995
DATE OF ISSUE: 4/1/95
AMOUNT OF ISSUE: $30,000,000
(FY06-FY20 refunded with Series B 2002)*
FISCAL
INTEREST
IN 1 tnto 1
PRINCIPAL
ANNUAL
UU 1 o 1 AInUINu
YEAR
10/1
A /I
4/1
4/1
DEBT SERVICE
DDIMPID A 1
r rrlNOIr AL
1995
-
-
-
on nnn nnn nn
oU,UUU,UUU.UU
1996
862,191.88
ooc.,\ yi .oo
550,000.00
2,274,383.76
oq a c^n r\f\r\ nn
1997
840,191.88
QACi 4 CM QQ
o4u,i yi .oo
590,000.00
2,270,383.76
oq ocn nnn nn
^o,obU,UUU.UU
1998
822,491.88
QOO /1CH QQ
o£*i,4y \ .oo
635,000.00
2,279,983.76
oq oo£ nnn nn
1999
803,441.88
QflQ AAA QQ
OUo,44 1 .00
680,000.00
2,286,883.76
07 i^/i nnn nn
2000
783,041.88
783,041.88
730,000.00
2,296,083.76
26,815,000.00
2001
761,141.88
7£1 AAA QQ
770,000.00
2,292,283.76
0(5 n/i nnn nn
2002
738,041.88
738,041.88
815,000.00
2,291,083.76
25,230,000.00
2003
713,591.88
94,850.00
860,000.00
1,668,441.88
1,850,000.00
2004
64,750.00
04, / ou.uu
900,000.00
1,029,500.00
a^n nnn nn
you,uuu.uu
2005
33,250.00
33,250.00
950,000.00
1,016,500.00
TOTAL
6,422,135.04
5,803,393.16
7,480,000.00
19,705,528.20
*
Amount Refunded:
$22,520,000
-92-
BOARD OF FUND COMMISSIONERS
WATER POLLUTION CONTROL BONDS
$35,000,000
SERIES A 1996
(Refunded)
DATED August 1,1996
SALE DATE July 9, 1996
INTEREST PAYMENT DATES February 1 and August 1 commencing February 1 , 1997
PRINCIPAL PAYMENT DATE August 1 commencing August 1 , 1 997
TRUE INTEREST COST 5.673935%
BOND COUNSEL Kutak Rock and Hardwick Law Firm
FINANCIAL ADVISOR Boatmen's National Bank and Friedman, Luzzato & Co.
UNDERWRITER MANAGER Merrill Lynch & Co.
PAYING AGENT Bank of New York (acquired original Paying Agent,
Boatmen's Trust Co., 8/97)
AUTHORIZATION Article III, Section 37(c) - $13,000,000
Section 37(e) - $22,000,000
Maturities and Interest Rates
Year
Amount
Rate
Year
Amount
Rate
1997
$ 750,000
6.00%
2010
$ 1,355,000
5.60%
1998
775,000
6.00%
2011
1,425,000
5.60%
1999
810,000
6.00%
2012
1,505,000
5.70%
2000
840,000
6.00%
2013
1,585,000
5.75%
2001
880,000
6.00%
2014
1,675,000
5.75%
2002
920,000
6.00%
2015
1,770,000
5.75%
2003
960,000
6.00%
2016
1,870,000
5.50%
2004
1,005,000
6.00%
2017
1,975,000
5.50%
2005
1,055,000
6.00%
2018
2,085,000
5.75%
2006
1,105,000
6.25%
2019
2,200,000
5.75%
2007
1,160,000
5.20%
2020
2,330,000
5.75%
2008
1,220,000
5.30%
2021
2,460,000
5.50%
2009
1 ,285,000
5.40%
Redemption
At the option of the Board, bonds maturing on August 1 , 2007 and thereafter may be called for
redemption and payment prior to maturity on August 1 , 2006 and thereafter, in whole at any time or in
part on any interest payment date at 100% of the principal amount, together with accrued interest
thereon to the redemption date.
-93-
BOARD OF FUND COMMISSIONERS
WATER POLLUTION CONTROL BONDS
$35,000,000 (Refunded)
SERIES A 1996
Redemption (continued)
In the event of any such redemption, the Board, or the Bond Registrar acting on behalf of the
Board, shall give written notice of its intention to redeem and pay the bonds, said notice to be given by
United States first class, certified or registered mail addressed to the State Auditor of Missouri, to the
registered owner of any bond being redeemed, and to the manager of the underwriting group
purchasing the bonds, each of said notices to be mailed not less than thirty (30) days prior to the date
fixed for redemption.
These bonds are book entry only.
Defeasance
On October 15, 2002, $25,900,000 of outstanding Series A 1996 Bonds were refunded with the
issuance of Series B 2002 Refunding Bonds. This amount represents only the callable portions of the
bonds, $4,125,000 of the bonds were not refunded and remain a liability of the Board. The proceeds
of the refunding bonds were deposited in an escrow fund with the First Bank of Missouri. The money
in the escrow fund is to be used to pay the principal and interest on the callable portions of the Series
A 1996 Bonds. With the deposit of these moneys in the escrow fund, the callable portions of the
Series A 1 996 Bonds were legally defeased.
On June 29, 2005, $2,160,000 of outstanding Series A 1996 Bonds were refunded with the
issuance of Series A 2005 Refunding Bonds. The proceeds of the refunding bonds were deposited in
an escrow fund with UMB Bank. The money in the escrow fund is to be used to pay the principal and
interest on the Series A 1 996 Bonds. With the deposit of these moneys in the escrow fund, the Series
A 1 996 Bonds were legally defeased.
Call Date
The Series A 1996 Bonds maturing on April 1, 2007, and thereafter will be called for redemption
on August 1, 2006.
- 94-
WATER POLLUTION CONTROL BONDS
DEBT SERVICE SCHEDULE
SERIES: A 1996
DATE OF ISSUE: 8/1/96
AMOUNT OF ISSUE: $35,000,000
(FY06-FY07 refunded with Series A 2005)**
(FY08-FY22 refunded with Series B 2002)*
FISCAL
INTEREST
INTEREST
PRINCIPAL
ANNUAL
OUTSTANDING
YEAR
8/1
2/1
8/1
DEBT SERVICE
PRINCIPAL
1997
-
1,000,480.00
-
1,000,480.00
35,000,000.00
1998
1,000,480.00
977,980.00
750,000.00
2,728,460.00
34,250,000.00
1999
977,980.00
954,730.00
775,000.00
2,707,710.00
33,475,000.00
2000
954,730.00
930,430.00
810,000.00
2,695,160.00
32,665,000.00
2001
930,430.00
905,230.00
840,000.00
2,675,660.00
31,825,000.00
2002
905,230.00
878,830.00
880,000.00
2,664,060.00
30,945,000.00
2003
878,830.00
125,131.25
920,000.00
1,923,961.25
4,125,000.00
2004
125,131.25
96,331.25
960,000.00
1,181,462.50
3,165,000.00
2005
96,331.25
66,181.25
1,005,000.00
1,167,512.50
TOTAL
5,869,142.50
5,935,323.75
6,940,000.00
18,744,466.25
Amount Refunded:
Amount Refunded:
$25,900,000
$2,160,000
-95-
BOARD OF FUND COMMISSIONERS
WATER POLLUTION CONTROL BONDS
$35,000,000 (Refunded)
SERIES A 1998
DATED June 1,1998
SALE DATE June 9, 1998
INTEREST PAYMENT DATES December 1 and June 1 commencing December 1 , 1998
PRINCIPAL PAYMENT DATE June 1 commencing June 1 , 1999
TRUE INTEREST COST 4.8772%
BOND COUNSEL Kutak Rock and Hardwick Law Firm
FINANCIAL ADVISOR NationsBank, N.A.
UNDERWRITER MANAGER A.G. Edwards & Sons
PAYING AGENT UMB Bank of Kansas City
AUTHORIZATION Article III, Section 37(c) - $7,505,760
Section 37(e) - $27,494,240
Maturities and Interest Rates
Year Amount
1999 $ 805,000
2000 835,000
2001 865,000
2002 900,000
2003 935,000
2004 970,000
2005 1,010,000
2006 1,055,000
2007 1,100,000
2008 1,145,000
2009 1,195,000
2010 1,250,000
2011 1,305,000
Redemption
At the option of the Board, bonds maturing on June 1, 2009 and thereafter may be called for
redemption and payment prior to maturity on June 1, 2008 and thereafter, in whole at any time or in
part on any interest payment date at 100% of the principal amount, together with accrued interest
thereon to the redemption date.
Rate
Year
Amount
Rate
5.000%
2012
$ 1,365,000
4.625%
6.250%
2013
1,430,000
4.700%
6.250%
2014
1,500,000
4.750%
6.250%
2015
1,575,000
4.800%
6.250%
2016
1,650,000
4.850%
6.250%
2017
1,730,000
4.875%
5.125%
2018
1,820,000
5.000%
4.250%
2019
1,910,000
5.000%
4.250%
2020
2,005,000
4.500%
4.300%
2021
2,105,000
5.000%
5.000%
2022
2,215,000
5.000%
4.500%
2023
2,325,000
5.000%
4.600%
-96-
BOARD OF FUND COMMISSIONERS
WATER POLLUTION CONTROL BONDS
$35,000,000
SERIES A 1998
(Refunded)
Redemption (continued)
The bonds maturing June 1, 2023 are subject to mandatory redemption in integral multiples of
$5,000 selected by lot by the Bond Registrar, through the application of sinking fund payments at a
redemption price equal to 100% plus accrued interest thereon, on June 1 of each of the following
years in principal amounts as follows:
In the event of any such redemption, the Board, or the Bond Registrar acting on behalf of the
Board, shall give written notice of its intention to redeem and pay the bonds, said notice to be given by
United States first class, certified or registered mail addressed to the State Auditor of Missouri, to the
registered owner of any bond being redeemed, and to the manager of the underwriting group
purchasing the bonds, each of said notices to be mailed not less than thirty (30) days prior to the date
fixed for redemption.
On June 29, 2005, $28,680,000 of outstanding Series A 1998 Bonds were refunded with the
issuance of Series A 2005 Refunding Bonds. The proceeds of the refunding bonds were deposited in
an escrow fund with UMB Bank. The money in the escrow fund is to be used to pay the principal and
interest on the Series A 1 998 Bonds. With the deposit of these moneys in the escrow fund, the Series
A 1 998 Bonds were legally defeased.
Year
2021
2022
2023 (maturity)
$2,105,000
$2,215,000
$2,325,000
Defeasance
- 97-
WATER POLLUTION CONTROL BONDS
DEBT SERVICE SCHEDULE
SERIES: A 1998
DATE OF ISSUE: 6/1/98 (FY06-FY23 refunded with Series A 2005)*
AMOUNT OF ISSUE: $35,000,000
FISCAL
INTEREST
INTEREST
PRINCIPAL
ANNUAL
OUTSTANDING
YEAR
12/1
6/1
6/1
DEBT SERVICE
PRINCIPAL
1998
35,000,000.00
1999
870,478.13
870,478.13
805,000.00
2,545,956.26
34,195,000.00
2000
850,353.13
850,353.13
835,000.00
2,535,706.26
33,360,000.00
2001
824,259.38
824,259.38
865,000.00
2,513,518.76
32,495,000.00
2002
797,228.13
797,228.13
900,000.00
2,494,456.26
31,595,000.00
2003
769,103.13
769,103.13
935,000.00
2,473,206.26
30,660,000.00
2004
739,884.38
739,884.38
970,000.00
2,449,768.76
29,690,000.00
2005
709,571.88
709,571.88
1,010,000.00
2,429,143.76
TOTAL
5,560,878.16
5,560,878.16
6,320,000.00
17,441,756.32
Amount Refunded: $28,680,000
-98-
BOARD OF FUND COMMISSIONERS
WATER POLLUTION CONTROL BONDS
$20,000,000 (Refunded)
SERIES A 1999
DATED October 1 , 1 999
SALE DATE September 28, 1 999
INTEREST PAYMENT DATES April 1 and October 1 commencing April 1 , 2000
PRINCIPAL PAYMENT DATE October 1 commencing October 1 , 2000
TRUE INTEREST COST 5.399534%
BOND COUNSEL Hardwick Law Firm and McDowell, Rice, Smith & Gaar
FINANCIAL ADVISOR Banc of America Securities, LLC
UNDERWRITER MANAGER Banc of America Securities, LLC and Associates
PAYING AGENT UMB Bank of Kansas City
AUTHORIZATION Article III, Section 37(e) - $10,000,000
Section 37(g) - $10,000,000
Maturities and Interest Rates
Year Amount
2000 $ 445,000
2001 460,000
2002 480,000
2003 500,000
2004 520,000
2005 540,000
2006 565,000
2007 590,000
2008 615,000
2009 645,000
2010 675,000
201 1 705,000
2012 740,000
Redemption
At the option of the Board, bonds maturing on October 1, 2010 and thereafter may be called for
redemption and payment prior to maturity on October 1, 2009 and thereafter, in whole at any time or
in part on any interest payment date at 100% of the principal amount, together with accrued interest
thereon to the redemption date.
Rate
Year
5.650%
2013
5.000%
2014
5.850%
2015
7.500%
2016
6.500%
2017
4.500%
2018
4.600%
2019
4.700%
2020
5.625%
2021
5.625%
2022
4.950%
2023
5.050%
2024
5.150%
Amount
Rate
780,000
5.200%
820,000
5.250%
860,000
5.300%
905,000
5.375%
950,000
5.400%
1,000,000
5.450%
1,055,000
5.450%
1,110,000
5.500%
1,165,000
5.500%
1,225,000
5.500%
1,290,000
5.500%
1,360,000
5.500%
-99-
BOARD OF FUND COMMISSIONERS
WATER POLLUTION CONTROL BONDS
$20,000,000
SERIES A 1999
(Refunded)
Redemption (continued)
The bonds maturing October 1, 2024 are subject to mandatory redemption in integral multiples
of $5,000 selected by lot by the Bond Registrar, through the application of sinking fund payments at a
redemption price equal to 100% plus accrued interest thereon, on October 1 of each of the following
years in principal amounts as follows:
In the event of any such redemption, the Board, or the Bond Registrar acting on behalf of the
Board, shall give written notice of its intention to redeem and pay the bonds, said notice to be given by
United States first class, certified or registered mail addressed to the State Auditor of Missouri, to the
registered owner of any bond being redeemed, and to the manager of the underwriting group
purchasing the bonds, each of said notices to be mailed not less than thirty (30) days prior to the date
fixed for redemption.
On June 29, 2005, $17,595,000 of outstanding Series A 1999 Bonds were refunded with the
issuance of Series A 2005 Refunding Bonds. The proceeds of the refunding bonds were deposited in
an escrow fund with UMB Bank. The money in the escrow fund is to be used to pay the principal and
interest on the Series A 1 999 Bonds. With the deposit of these moneys in the escrow fund, the Series
A 1 999 Bonds were legally defeased.
Year
2022
2023
2024 (maturity)
$1,225,000
$1,290,000
$1,360,000
Defeasance
- 100 -
WATER POLLUTION CONTROL BONDS
DEBT SERVICE SCHEDULE
SERIES: A 1999
DATE OF ISSUE: 10/1/99 (FY06-FY25 refunded with Series A 2005)*
AMOUNT OF ISSUE: $20,000,000
FISCAL INTEREST INTEREST PRINCIPAL ANNUAL OUTSTANDING
YEAR 10/1 4/1 10/1 DEBT SERVICE PRINCIPAL
2000 - 541,461.88 - 541,461.88 20,000,000.00
2001 541,461.88 528,890.63 445,000.00 1,515,352.51 19,555,000.00
2002 528,890.63 517,390.63 460,000.00 1,506,281.26 19,095,000.00
2003 517,390.63 503,350.63 480,000.00 1,500,741.26 18,615,000.00
2004 503,350.63 484,600.63 500,000.00 1,487,951.26 18,115,000.00
2005 484,600.63 467,700.63 520,000.00 1,472,301.26 -
TOTAL 2,575,694.40 3,043,395.03 2,405,000.00 8,024,089.43
* Amount Refunded: $17,595,000
- 101 -
BOARD OF FUND COMMISSIONERS
WATER POLLUTION CONTROL BONDS
$20,000,000 (Refunded)
SERIES A 2001
DATED June 1,2001
SALE DATE May 31, 2001
INTEREST PAYMENT DATES June 1 and December 1 commencing December 1 , 2001
PRINCIPAL PAYMENT DATE June 1 commencing June 1 , 2002
TRUE INTEREST COST 4.942021%
BOND COUNSEL Hardwick Law Firm, LLC and McDowell, Rice,
Smith & Gaar, PC
FINANCIAL ADVISOR Griffin, Kubik, Stephens & Thompson, Inc.
UNDERWRITER MANAGER UBS Paine-Webber, Inc.
PAYING AGENT UMB Bank, n.a., of Kansas City, MO
AUTHORIZATION Article III, Section 37(e) - $10,000,000
Section 37(g) - $10,000,000
Maturities and Interest Rates
Year Amount
2002 $ 470,000
2003 485,000
2004 500,000
2005 520,000
2006 540,000
2007 560,000
2008 580,000
2009 605,000
2010 630,000
201 1 655,000
2012 680,000
2013 710,000
2014 745,000
Redemption
At the option of the Board, bonds maturing on June 1, 2012 and thereafter may be called for
redemption and payment prior to maturity on June 1, 2011 and thereafter, in whole at any time or in
part on any interest payment date at 100% of the principal amount, together with accrued interest
thereon to the redemption date.
Rate
Year
4.000%
2015
4.000%
2016
4.000%
2017
4.000%
2018
4.125%
2019
4.250%
2020
4.000%
2021
7.000%
2022
7.000%
2023
5.000%
2024
4.500%
2025
4.600%
2026
4.700%
Amount
Rate
$ 780,000
4.75%
815,000
4.75%
855,000
5.00%
895,000
5.00%
940,000
5.00%
985,000
5.00%
1,035,000
5.00%
1,085,000
5.00%
1,145,000
5.00%
1,200,000
5.00%
1,260,000
5.00%
1,325,000
5.00%
- 102 -
BOARD OF FUND COMMISSIONERS
WATER POLLUTION CONTROL BONDS
$20,000,000 (Refunded)
SERIES A 2001
Redemption (continued)
The bonds maturing June 1, 2023 and June 1, 2026, shall be subject to mandatory redemption
at par plus accrued interest to the date of redemption on the following dates and in the following
principal amounts:
June 1, 2023 Term Bond
Redemption Dates Principal Amount
June 1,2022 $1,085,000
(Leaving $1,145,000 to mature on its stated maturity on June 1, 2023)
June 1, 2026 Term Bond
Redemption Dates Principal Amount
June 1,2024 $1,200,000
June 1,2025 $1,260,000
(Leaving $1 ,325,000 to mature on its stated maturity on June 1 , 2026)
In the event of any such redemption, the Board, or the Bond Registrar acting on behalf of the
Board, shall give written notice of its intention to redeem and pay the bonds, said notice to be given by
United States first class, certified or registered mail addressed to the State Auditor of Missouri, to the
registered owner of any bond being redeemed, and to the manager of the underwriting group
purchasing the bonds, each of said notices to be mailed not less than thirty (30) days prior to the date
fixed for redemption.
Defeasance
On August 1 , 2007, $80,000 of outstanding Series A 2001 Bonds were legally defeased.
On July 27, 2010, $15,030,000 of outstanding Series A 2001 Bonds were refunded with the
issuance of Series A 2010 Refunding Bonds. The proceeds of the refunding bonds were deposited in
an escrow fund with UMB Bank. The money in the escrow fund is to be used to pay the principal and
interest on the Series A 2001 Bonds. With the deposit of these moneys in the escrow fund, the Series
A 2001 Bonds were legally defeased.
- 103 -
WATER POLLUTION CONTROL BONDS
DEBT SERVICE SCHEDULE
SERIES: A 2001 (FY1 1-FY26 refunded with Series A 2010)
DATE OF ISSUE: 6/1/01 (FY26 was partially defeased in FY08)**
AMOUNT OF ISSUE: $20,000,000
FISCAL INTEREST INTEREST PRINCIPAL ANNUAL OUTSTANDING
YEAR 12/1 6/1 6/1 DEBT SERVICE PRINCIPAL
2001 ... . 20,000,000.00
2002 488,881.25 488,881.25 470,000.00 1,447,762.50 19,530,000.00
2003 479,481.25 479,481.25 485,000.00 1,443,962.50 19,045,000.00
2004 469,781.25 469,781.25 500,000.00 1,439,562.50 18,545,000.00
2005 459,781.25 459,781.25 520,000.00 1,439,562.50 18,025,000.00
2006 449,381.25 449,381.25 540,000.00 1,438,762.50 17,485,000.00
2007 438,243.75 438,243.75 560,000.00 1,436,487.50 16,925,000.00
2008 424,343.75 424,343.75 580,000.00 1,428,687.50 16,265,000.00
2009 412,743.75 412,743.75 605,000.00 1,430,487.50 15,660,000.00
2010 391,568.75 391,568.75 630,000.00 1,413,137.50 15,030,000.00
2011
TOTAL 4,014,206.25 4,014,206.25 4,890,000.00 12,918,412.50
Amount Refunded: $15,030,000
Amount Defeased: $80,000
-104-
BOARD OF FUND COMMISSIONERS
WATER POLLUTION CONTROL BONDS
$30,000,000 (Refunded)
SERIES A 2002
DATED August 1 , 2002
SALE DATE August 6, 2002
INTEREST PAYMENT DATES February 1 and August 1 commencing February 1 , 2003
PRINCIPAL PAYMENT DATE August 1 commencing August 1 , 2003
TRUE INTEREST COST 4.5091 32%
BOND COUNSEL Hardwick Law Firm, LLC and McDowell, Rice,
Smith & Gaar, PC
FINANCIAL ADVISOR UMB Bank, n.a.
UNDERWRITER MANAGER Banc of America Securities, LLC
PAYING AGENT UMB Bank, n.a., of Kansas City, MO
AUTHORIZATION Article III, Section 37(e) - $15,000,000
Section 37(g) - $15,000,000
Maturities and Interest Rates
Year Amount
2003 $ 695,000
2004 725,000
2005 765,000
2006 800,000
2007 830,000
2008 860,000
2009 885,000
2010 920,000
201 1 955,000
2012 990,000
2013 1,030,000
2014 1,075,000
2015 1,120,000
Redemption
At the option of the Board, bonds maturing on August 1, 2013 and thereafter may be called for
redemption and payment prior to maturity on August 1, 2012 and thereafter, in whole at any time or in
part on any interest payment date at 100% of the principal amount, together with accrued interest
thereon to the redemption date.
In the event of any such redemption, the Board, or the Bond Registrar acting on behalf of the
Board, shall give written notice of its intention to redeem and pay the bonds, said notice to be given by
United States first class, certified or registered mail addressed to the State Auditor of Missouri, to the
registered owner of any bond being redeemed, and to the manager of the underwriting group
purchasing the bonds, each of said notices to be mailed not less than thirty (30) days prior to the date
fixed for redemption.
Rate
Year
Amount
Rate
3.000%
2016
$ 1,170,000
5.250%
3.000%
2017
1,220,000
4.250%
3.000%
2018
1,275,000
4.250%
3.000%
2019
1,335,000
4.375%
3.250%
2020
1,400,000
4.500%
3.500%
2021
1 ,465,000
4.625%
3.500%
2022
1,540,000
4.875%
3.500%
2023
1,615,000
4.750%
3.625%
2024
1,700,000
4.750%
4.000%
2025
1,785,000
4.750%
4.000%
2026
1,875,000
5.000%
4.000%
2027
1,970,000
5.000%
4.250%
- 105 -
BOARD OF FUND COMMISSIONERS
WATER POLLUTION CONTROL BONDS
$30,000,000 (Refunded)
SERIES A 2002
Defeasance
On July 27, 2010, $20,225,000 of outstanding Series A 2002 Bonds were refunded with the
issuance of Series A 2010 Refunding Bonds. The proceeds of the refunding bonds were deposited in
an escrow fund with UMB Bank. The money in the escrow fund is to be used to pay the principal and
interest on the Series A 2002 Bonds. With the deposit of these moneys in the escrow fund, maturities
201 0-201 1 and 201 6-2027 of the Series A 2002 Bonds were legally defeased.
On September 27, 2012, $3,225,000 of outstanding Series A 2002 Bonds were refunded with the
issuance of Series A 2012 Refunding Bonds. The proceeds of the refunding bonds were deposited in
an escrow fund with UMB Bank. The money in the escrow fund is to be used to pay the principal and
interest on the Series A 2002 Bonds. With the deposit of these moneys in the escrow fund, the Series
A 2002 Bonds were legally defeased.
- 106 -
WATER POLLUTION CONTROL BONDS
DEBT SERVICE SCHEDULE
SERIES: A 2002
DATE OF ISSUE: 8/1/02
AMOUNT OF ISSUE: $30,000,000
(FY1 1-FY12 & FY17-FY28 refunded with Series A 2010)*
(FY14-FY16 refunded with Series A 2012)**
cicr* Al
NoL/AL
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2006
619,709.38
608,234.38
765,000.00
1,992,943.76
27,815,000.00
2007
608 234 38
596 234 38
800 000 00
2 004 468 76
27 015 000 00
2008
596,234.38
582,746.88
830,000.00
2,008,981.26
26,185,000.00
2009
582,746.88
567,696.88
860,000.00
2,010,443.76
25,325,000.00
2010
567,696.88
552,209.38
885,000.00
2,004,906.26
4,215,000.00
2011
85,700.00
85,700.00
171,400.00
4,215,000.00
2012
85,700.00
85,700.00
171,400.00
4,215,000.00
2013
85,700.00
990,000.00
1,075,700.00
TOTAL
4,503,315.66
4,969,825.04
6,550,000.00
16,023,140.70
Amount Refunded:
Amount Refunded:
$20,225,000
$3,225,000
-107-
BOARD OF FUND COMMISSIONERS
WATER POLLUTION CONTROL BONDS
$147,710,000 (Refunded)
SERIES B 2002 REFUNDING
DATED October 15, 2002
SALE DATE September 26, 2002
INTEREST PAYMENT DATES April 1 and October 1 commencing April 1 , 2003
PRINCIPAL PAYMENT DATE October 1 commencing October 1 , 2004
TRUE INTEREST COST 3.431 555%
BOND COUNSEL Gilmore & Bell, PC & The Martinez Law Firm, LLC
FINANCIAL ADVISOR US Bankcorp Piper Jaffray, Inc.
UNDERWRITER MANAGER Goldman Sachs & Company
PAYING AGENT/ESCROW AGENT First Bank of Missouri, Gladstone, MO
ESCROW VERIFICATION AGENT McGladrey & Pullen, LLP, CPA, Kansas City, MO
Maturities and Interest Rates
Year
Amount
Rate
Year
Amount
Rate
2003
$
2013
$ 7,150,000
3.375%
2004
5,630,000
4.000%
2014
7,465,000
5.000%
2005
9,825,000
5.000%
2015
7,870,000
5.000%
2006
10,375,000
5.000%
2016
8,290,000
5.000%
2007
12,485,000
4.000%
2017
8,740,000
5.000%
2008
11,700,000
5.000%
2018
6,445,000
5.000%
2009
12,305,000
5.000%
2019
4,505,000
4.125%
2010
12,990,000
5.000%
2020
2,370,000
4.250%
2011
8,320,000
5.000%
2021
2,470,000
4.500%
2012
8,775,000
5.000%
Redemption
At the option of the Board, bonds maturing on October 1, 2013 and thereafter may be called for
redemption and payment prior to maturity on October 1, 2012 and thereafter, in whole at any time or
in part on any interest payment date at 100% of the principal amount, together with accrued interest
thereon to the redemption date.
In the event of any such redemption, the Board, or the Bond Registrar acting on behalf of the
Board, shall give written notice of its intention to redeem and pay the bonds, said notice to be given by
United States first class, certified or registered mail addressed to the State Auditor of Missouri, to the
registered owner of any bond being redeemed, and to the manager of the underwriting group
purchasing the bonds, each of said notices to be mailed not less than thirty (30) days prior to the date
fixed for redemption.
- 108 -
BOARD OF FUND COMMISSIONERS
WATER POLLUTION CONTROL BONDS
$147,710,000 (Refunded)
SERIES B 2002 REFUNDING
Note
The Series B 2002 Refunding Bonds were issued to refund the following bonds:
Outstanding
Principal
Maturities
Series
Principal
Refunded
Refunded
C 1991 Refunding
$21,875,000
$21,875,000
2002-2012
A 1992
26,560,000
26,560,000
2003-2017
B 1992 Refunding
33,595,000
33,595,000
2003-2010
A 1993
23,295,000
22,350,000
2004-2018
A 1995
25,230,000
22,520,000
2006-2020
A 1996
30,025,000
25,900,000
2007-2021
$152,800,000
The additional principal amount of the Series B 2002 Refunding Bonds did not decrease the
amount of the statutory authorization for the Water Pollution Control Bonds.
Defeasance
On July 27, 2010, $12,990,000 of outstanding Series B 2002 Refunding Bonds were refunded
with the issuance of Series A 2010 Refunding Bonds. The proceeds of the refunding bonds were
deposited in an escrow fund with UMB Bank. The money in the escrow fund is to be used to pay the
principal and interest on the Series B 2002 Refunding Bonds. With the deposit of these moneys in
the escrow fund, the 2010 maturities Series B 2002 Refunding Bonds were legally defeased.
On September 27, 2012, $64,080,000 of outstanding Series B 2002 Bonds were refunded with
the issuance of Series A 2012 Refunding Bonds. The proceeds of the refunding bonds were
deposited in an escrow fund with UMB Bank. The money in the escrow fund is to be used to pay the
principal and interest on the Series B 2002 Bonds. With the deposit of these moneys in the escrow
fund, the Series B 2002 Bonds were legally defeased.
- 109 -
WATER POLLUTION CONTROL BONDS (Refunded C1 991 Refunding, A1 992, B1 992 Refunding,
DEBT SERVICE SCHEDULE A1 993, A1 995, A1 996)
SERIES: B 2002 REFUNDING (FY1 1 refunded with Series A 2010)*
DATE OF ISSUE: 10/15/02 (FY12-FY21 refunded with Series A 2012)**
AMOUNT OF ISSUE: $147,710,000
Refunding Excess:
($5,090,000.00)
rloUAL
IMTC D COX
IN I bnbo I
INTEREST
PRINCIPAL
ANNUAL
OUTSTANDING
\/r~ a d
YbAK
h A/^
4/1
10/1
DEBT SERVICE
PRINCIPAL
3,236,363.09
_
3,236,363.09
147,710,000.00
AAA/1
o,oL)y,oUy.oo
3,509,309.38
_
7,018,618.76
147,710,000.00
o,DUy,oUy.ot3
3,396,709.38
5,630,000.00
12,536,018.76
142,080,000.00
2006
3,396,709.38
3,151,084.38
9,825,000.00
16,372,793.76
132,255,000.00
2007
3 1 51 084 38
2,891,709.38
10,375,000.00
16,417,793.76
121,880,000.00
2008
2,891,709.38
2,642,009.38
12,485,000.00
18,018,718.76
109,395,000.00
2009
2,642,009.38
2,349,509.38
11,700,000.00
16,691,518.76
97,695,000.00
2010
2,349,509.38
2,041,884.38
12,305,000.00
16,696,393.76
85,390,000.00
2011
1,717,134.38
1,717,134.38
3,434,268.76
72,400,000.00
2012
1,717,134.38
1,509,134.38
8,320,000.00
11,546,268.76
64,080,000.00
2013
TOTAL
24,883,909.42
26,444,847.51
70,640,000.00
121,968,756.93
Amount Refunded: $12,990,000
Amount Refunded: $64,080,000
- 110 -
BOARD OF FUND COMMISSIONERS
THIRD STATE BUILDING BONDS
$40,000,000 (Partially Refunded)
SERIES A 1983
DATED February 1, 1983
SALE DATE January 1 9, 1 983
INTEREST PAYMENT DATES August 1 and February 1 commencing August 1 , 1983
PRINCIPAL PAYMENT DATE February 1 commencing February 1 , 1984
TRUE INTEREST COST 8.101159%
BOND COUNSEL Gaar & Bell
FINANCIAL ADVISOR E. F. Hutton & Company, Inc.
UNDERWRITER MANAGER Centerre Bank, N.A.
PAYING AGENT Commerce Bank of Kansas City, N.A. and Boatmen's
National Bank of St. Louis (formerly Centerre
Trust Company of St. Louis)
AUTHORIZATION Article III, Section 37(d)
Maturities and Interest Rates
Year Amount
1984 $ 470,000
1985 515,000
1986 560,000
1987 610,000
1988 665,000
1989 725,000
1990 790,000
1991 865,000
1992 940,000
1993 1,025,000
1994 1,115,000
1995 1,220,000
1996 1,330,000
Redemption
The Series A 1983 State Building Bonds maturing on February 1, 1994, and thereafter, may, at
the option of the Board, be called for redemption and payment prior to maturity as a whole or in part
in inverse order of maturity on February 1, 1993, or on any interest payment date thereafter, at the
following prices, expressed as percentages of principal amount, on the following dates, together with
accrued interest to the date of redemption and payment:
Rate
Year
9.70%
1997
9.70%
1998
9.70%
1999
9.70%
2000
9.70%
2001
9.00%
2002
9.00%
2003
9.00%
2004
8.75%
2005
8.75%
2006
7.20%
2007
7.40%
2008
7.60%
Amount
Rate
$ 1,450,000
7.80%
1,580,000
7.90%
1,720,000
8.00%
1,875,000
8.00%
2,045,000
8.10%
2,230,000
8.10%
2,430,000
8.20%
2,645,000
8.25%
2,885,000
8.25%
3,145,000
8.25%
3,430,000
8.25%
3,735,000
7.50%
- 111 -
BOARD OF FUND COMMISSIONERS
THIRD STATE BUILDING BONDS
$40,000,000
SERIES A 1983
(Partially Refunded)
Redemption (continued)
Redemption Dates
Redemption
Prices
February 1
February 1
February 1
February 1
February 1
February 1
February 1
February 1
February 1
1993 and August 1,
1994 and August 1,
1995 and August 1,
1996 and August 1,
1997 and August 1,
1998 and August 1,
1999 and August 1,
2000 and August 1 ,
2001 and thereafter
1993
1994
1995
1996
1997
1998
1999
2000
1 02%
101%%
101 1 / 2 %
101 1 /4%
101%
1 00%%
1 00 1 /2%
1 00 1 /4%
1 00%
In the event of any such redemption, the Board shall publish once in a financial journal
published in the City of New York, New York, a notice of the intention of the Board to call and pay
said bonds, said notice to be published not less than 30 days prior to the date of redemption. The
Board will also give written notice of its intention to redeem and pay said bonds or any of them by
United States registered mail addressed to the owner(s) of any registered bond(s), to the Paying
Agent(s) and to the manager of the underwriting group purchasing the Series A 1983 State Building
Bonds, said notice to be mailed not less than 30 days prior to the date fixed for redemption.
On November 1, 1991, $32,835,000 of outstanding Series A 1983 Bonds were refunded with
the issuance of Series A 1991 Refunding Bonds. This amount represented only the callable portions
of the bonds, $1,965,000 of the bonds were not refunded and remain a liability of the Board. The
proceeds of the refunding bonds were deposited in an escrow fund with Commerce Bank of
Kansas City, N.A. The money in the escrow fund was used to pay the principal and interest of the
callable portions of the Series A 1983 Bonds. With the deposit of these moneys in the escrow fund,
the callable portions of the Series A 1983 Bonds were legally defeased.
The Series A 1983 Bonds maturing on February 1, 1994 and thereafter were called for
redemption on February 1, 1993 at 102%.
Defeasance
Call Date
- 112 -
THIRD STATE BUILDING BONDS
DEBT SERVICE SCHEDULE
SERIES: A 1983
DATE ISSUED: 2/1/83
AMOUNT ISSUED: $40,000,000
FISCAL
YEAR
1983
1984
1985
1986
1987
1988
1989
1990
1991
1992
1993
INTEREST
8/1
1 ,640
1,617 ;
1,592 ;
1,565 ;
1,536
1,503
1,471,
1,435.
1,396
44.
580.00
785.00
807.50
647.50
062.50
810.00
185.00
635.00
710.00
843.75
(FY94-2008 CALLABLES REUNDED BY SERIES A 1991 REFUNDING)
INTEREST
2/1
1,640.
1,617
1,592.
1,565.
1,536.
1,503.
1,471,
1,435.
85.
44.
580.00
785.00
807.50
647.50
062.50
810.00
185.00
635.00
968.75
843.75
PRINCIPAL
2/1
470.
515.
560.
610.
665.
725,
790
865.
940.
1,025.
000.00
000.00
000.00
000.00
000.00
000.00
000.00
000.00
000.00
000.00
ANNUAL
DEBT SERVICE
3,751.
3,750.
3,745
3,741.
3,737.
3,732.
3,732.
3,736.
2,422
1,114.
160.00
570.00
615.00
295.00
125.00
620.00
370.00
270.00
678.75
687.50
OUTSTANDING
PRINCIPAL
40,000,000.00
39,530,000.00
39,015,000.00
38,455,000.00
37,845,000.00
37,180,000.00
36,455,000.00
35,665,000.00
34,800,000.00
1,025,000.00
TOTAL
13,805,066.25
12,494,325.00
7,165,000.00
33,464,391.25
- 113 -
BOARD OF FUND COMMISSIONERS
THIRD STATE BUILDING BONDS
$35,000,000 (Refunded)
SERIES B 1983
DATED November 1, 1983
SALE DATE October 1 9, 1 983
INTEREST PAYMENT DATES November 1 and May 1 commencing May 1 , 1984
PRINCIPAL PAYMENT DATE November 1 commencing November 1 , 1 984
TRUE INTEREST COST 8.81 3238%
BOND COUNSEL Gaar & Bell
FINANCIAL ADVISOR E. F. Hutton & Company, Inc.
UNDERWRITER MANAGER Centerre Bank, N.A.
PAYING AGENT Mercantile Trust Company, N.A.
AUTHORIZATION Article III, Section 37(d)
Maturities and Interest Rates
Year
Amount
Rate
Year
Amount
Rate
1984
$ 405,000
1 0.30%
1997
$ 1,260,000
8.20%
1985
440,000
1 0.30%
1998
1,375,000
8.40%
1986
480,000
1 0.30%
1999
1,500,000
8.60%
1987
525,000
1 0.30%
2000
1,640,000
8.70%
1988
575,000
1 0.30%
2001
1,790,000
8.75%
1989
625,000
1 0.30%
2002
1,955,000
8.75%
1990
685,000
1 0.30%
2003
2,135,000
8.75%
1991
745,000
1 0.30%
2004
2,330,000
8.80%
1992
815,000
1 0.30%
2005
2,540,000
8.80%
1993
890,000
1 0.30%
2006
2,775,000
8.80%
1994
970,000
7.80%
2007
3,025,000
8.80%
1995
1,060,000
7.90%
2008
3,305,000
8.80%
1996
1,155,000
8.00%
Redemption
The Series B 1983 State Building Bonds maturing on November 1, 1994, and thereafter, may
be called for redemption and payment prior to maturity at the option of the Board, as a whole or in
part in inverse order of maturity (bonds of less than a full maturity to be selected by lot by the Bond
Registrar in such equitable manner as it shall designate) on November 1, 1993, or on any interest
payment date thereafter, at the following prices, expressed as percentages of principal amount,
together with accrued interest to the date of redemption and payment:
-114-
BOARD OF FUND COMMISSIONERS
THIRD STATE BUILDING BONDS
$35,000,000 (Refunded)
SERIES B 1983
Redemption (continued)
Redemption Dates
Redemption
Prices
November 1
1 993 and May 1 ,
1994
1 02%
November 1
1 994 and May 1 ,
1995
101%%
November 1
1 995 and May 1 ,
1996
101 1 / 2 %
November 1
1 996 and May 1 ,
1997
101 1 /4%
November 1
1 997 and May 1 ,
1998
101%
November 1
1 998 and May 1 ,
1999
1 00%%
November 1
1 999 and May 1 ,
2000
1 00 1 /2%
November 1
2000 and May 1 ,
2001
1 00 1 /4%
November 1
2001 and thereafter
1 00%
In the event of any such redemption, the Board shall give written notice of its intention to
redeem and pay the bonds, such notice to be given by United States registered mail addressed to
the registered owner of any bond being redeemed, to the Paying Agent and Registrar and to the
manager of the underwriting group purchasing the Series B 1983 State Building Bonds, each of said
notices to be mailed not less than 30 days prior to the date fixed for redemption.
Defeasance
On August 1, 1987, $33,675,000 of outstanding Series B 1983 Bonds were refunded with the
issuance of Series A 1987 Refunding Bonds. The proceeds of the refunding bonds and other
moneys contributed by the Board were deposited in an escrow fund with Mark Twain Bank, St. Louis.
The money in the escrow fund was used to pay the principal and interest on the Series B 1983
Bonds. With the deposit of these moneys in the escrow fund, the Series B 1983 Bonds were legally
defeased.
Call Date
The Series B 1983 Bonds maturing on November 1, 1994, and thereafter were called for
redemption on November 1, 1993, at 102%.
- 115 -
THIRD STATE BUILDING BONDS
DEBT SERVICE SCHEDULE
SERIES: B 1983
DATE ISSUED: 11/1/83
AMOUNT ISSUED: $35,000,000
FISCAL
YEAR
1984
1985
1986
1987
INTEREST
11/1
1,561,827.50
1,540,970.00
1,518,310.00
(FY88-2009 REFUNDED BY SERIES A 1987 REFUNDING)
INTEREST
5/1
1,561,827.50
1,540,970.00
1,518,310.00
1,493,590.00
PRINCIPAL
11/1
405,000.00
440,000.00
480,000.00
ANNUAL
DEBT SERVICE
1,561,827.50
3,507,797.50
3,499,280.00
3,491,900.00
OUTSTANDING
PRINCIPAL
35,000,000.00
34,595,000.00
34,155,000.00
33,675,000.00
TOTAL
4,621,107.50
6,114,697.50
1,325,000.00
12,060,805.00
- 116 -
BOARD OF FUND COMMISSIONERS
THIRD STATE BUILDING BONDS
$50,000,000 (Refunded)
SERIES A 1984
DATED May 1,1984
SALE DATE April 1 7, 1 984
INTEREST PAYMENT DATES November 1 and May 1 commencing November 1 , 1984
PRINCIPAL PAYMENT DATE May 1 commencing May 1 , 1 985
TRUE INTEREST COST 9.281 03%
BOND COUNSEL Gaar & Bell
FINANCIAL ADVISOR E. F. Hutton & Company, Inc.
UNDERWRITER MANAGER Morgan Guaranty Trust Company of New York
PAYING AGENT United Missouri Bank of Kansas City, N.A.
AUTHORIZATION Article III, Section 37(d)
Maturities and Interest Rates
Year Amount
1985 $ 570,000
1986 620,000
1987 680,000
1988 740,000
1989 810,000
1990 885,000
1991 965,000
1992 1,055,000
1993 1,155,000
1994 1,260,000
1995 1,375,000
1996 1,505,000
1997 1,645,000
Redemption
The Bonds maturing on May 1, 1995, and thereafter, may be called for redemption and
payment prior to maturity at the option of the Board, as a whole or in part, in inverse order of maturity
(bonds of less than a full maturity to be selected by lot by the Bond Registrar in such equitable
manner as it shall designate) on May 1 , 1 994, or on any interest payment date thereafter, at the
following prices, expressed as percentages of principal amount, together with accrued interest to the
date of redemption and payment:
Rate
Year
11.10%
1998
11.10%
1999
11.10%
2000
11.10%
2001
11.10%
2002
11.10%
2003
11.10%
2004
10.80%
2005
8.60%
2006
8.60%
2007
8.60%
2008
8.75%
2009
9.00%
Amount
Rate
$ 1,795,000
9.10%
1,965,000
9.10%
2,145,000
9.20%
2,345,000
9.25%
2,560,000
9.25%
2,795,000
9.25%
3,055,000
9.25%
3,340,000
9.25%
3,645,000
9.25%
3,985,000
9.25%
4,350,000
9.25%
4,755,000
9.25%
-117-
BOARD OF FUND COMMISSIONERS
THIRD STATE BUILDING BONDS
$50,000,000 (Refunded)
SERIES A 1984
Redemption (continued)
Redemption
Redemption Dates Prices
May 1 , 1 994 and November 1 , 1 994 1 02%
May 1 , 1 995 and November 1 , 1 995 101 %%
May 1 , 1 996 and November 1 , 1 996 101 1 / 2 %
May 1 , 1 997 and November 1 , 1 997 101 1 / 4 %
May 1 , 1 998 and November 1 , 1 998 1 01 %
May 1 , 1 999 and November 1 , 1 999 1 00%%
May 1 , 2000 and November 1 , 2000 1 00 1 / 2 %
May 1 , 2001 and November 1 , 2001 1 00 1 / 4 %
May 1 , 2002 and thereafter 1 00%
In the event of any such redemption, the Board shall give written notice of its intention to
redeem and pay the bonds, such notice to be given by United States registered mail addressed to
the registered owner of any bond being redeemed, to the Paying Agent and Registrar and to the
manager of the underwriting group purchasing the bonds, each of said notices to be mailed not less
than 30 days prior to the date fixed for redemption.
Defeasance
On August 1, 1987, $48,130,000 of outstanding Series A 1984 Bonds were refunded with the
issuance of Series A 1987 Refunding Bonds. The proceeds of the refunding bonds and other
moneys contributed by the Board were deposited in an escrow fund with Mark Twain Bank, St. Louis.
The money in the escrow fund was used to pay the principal and interest on the Series A 1984
Bonds. With the deposit of these moneys in the escrow fund, the Series A 1984 Bonds were legally
defeased.
Call Date
The Series A 1984 Bonds maturing on May 1, 1995, and thereafter were called for redemption
on May 1, 1994, at 102%.
- 118 -
THIRD STATE BUILDING BONDS
DEBT SERVICE SCHEDULE
SERIES: A 1984
DATE ISSUED: 5/1/84
AMOUNT ISSUED: $50,000,000
FISCAL
YEAR
1984
1985
1986
1987
INTEREST
11/1
2,347,931.25
2,316,296.25
2,281,886.25
(FY88-2009 REFUNDED BY SERIES A 1987 REFUNDING)
INTEREST
5/1
2,347,931.25
2,316,296.25
2,281,886.25
PRINCIPAL
5/1
570,000.00
620,000.00
680,000.00
ANNUAL
DEBT SERVICE
5,265,862.50
5,252,592.50
5,243,772.50
OUTSTANDING
PRINCIPAL
50,000,000.00
49,430,000.00
48,810,000.00
48,130,000.00
TOTAL
6,946,113.75
6,946,113.75
1,870,000.00
15,762,227.50
- 119 -
BOARD OF FUND COMMISSIONERS
THIRD STATE BUILDING BONDS
$75,000,000 (Refunded)
SERIES A 1985
DATED March 1 , 1 985
SALE DATE February 27, 1 985
INTEREST PAYMENT DATES September 1 and March 1 commencing
September 1 , 1 985
PRINCIPAL PAYMENT DATE March 1 commencing March 1, 1986
TRUE INTEREST COST 9.0963%
BOND COUNSEL Gaar & Bell
FINANCIAL ADVISOR A. G. Edwards & Sons, Inc.
UNDERWRITER MANAGER Citicorp Investment Bank
PAYING AGENT Commerce Bank of Kansas City, N.A.
AUTHORIZATION Article III, Section 37(d)
Maturities and Interest Rates
Year
Amount
Rate
Year
Amount
Rate
1986
$ 650,000
10.40%
1999
$ 2,725,000
8.90%
1987
975,000
10.40%
2000
2,975,000
9.00%
1988
1,050,000
10.40%
2001
3,225,000
9.00%
1989
1,150,000
10.40%
2002
3,525,000
9.10%
1990
1,250,000
10.40%
2003
3,850,000
9.10%
1991
1,350,000
10.40%
2004
4,200,000
9.20%
1992
1,500,000
8.75%
2005
4,550,000
9.20%
1993
1,625,000
7.90%
2006
4,975,000
9.20%
1994
1,775,000
8.10%
2007
5,425,000
9.20%
1995
1 ,925,000
8.30%
2008
5,925,000
9.20%
1996
2,100,000
8.50%
2009
6,450,000
9.20%
1997
2,300,000
8.70%
2010
7,025,000
9.20%
1998
2,500,000
8.80%
Redemption
The State Building Bonds maturing on March 1, 1996, and thereafter, may be called for
redemption and payment prior to maturity at the option of the Board, as a whole or in part, in inverse
order of maturity (bonds of less than a full maturity to be selected by lot by the Bond Registrar in
such equitable manner as it shall designate) on March 1, 1995, or on any interest payment date
thereafter, at the following prices, expressed as percentages of principal amount, together with
accrued interest to the date of redemption and payment:
- 120 -
BOARD OF FUND COMMISSIONERS
THIRD STATE BUILDING BONDS
$75,000,000
SERIES A 1985
(Refunded)
Redemption (continued)
Redemption Dates
Redemption
Prices
March 1
March 1
March 1
March 1
March 1
March 1
March 1
March 1
March 1
1995 and September 1
1996 and September 1
1997 and September 1
1998 and September 1
1999 and September 1
2000 and September 1
2001 and September 1
2002 and September 1
2003 and thereafter
1995
1996
1997
1998
1999
2000
2001
2002
1 02%
101%%
101 1 / 2 %
101 1 /4%
101%
1 00%%
1 00 1 /2%
1 00 1 /4%
1 00%
In the event of any such redemption, the Board shall give written notice of its intention to
redeem and pay the bonds, such notice to be given by United States registered mail addressed to
the registered owner of any bond being redeemed, to the Paying Agent and the Bond Registrar and
to the manager of the underwriting group purchasing the Series A 1985 Bonds, each of said notices
to be mailed not less than 30 days prior to the date fixed for redemption.
On August 1, 1987, $73,375,000 of outstanding Series A 1985 Bonds were refunded with the
issuance of Series A 1987 Refunding Bonds. The proceeds of the refunding bonds and other
moneys contributed by the Board were deposited in an escrow fund with Mark Twain Bank of St.
Louis. The money in the escrow fund was used to pay the principal and interest on the Series A
1985 Bonds. With the deposit of these moneys in the escrow fund, the Series A 1985 Bonds were
legally defeased.
The Series A 1985 Bonds maturing on March 1 , 1996 and thereafter were called for redemption
on March 1, 1995 at 102%.
Defeasance
Call Date
- 121 -
THIRD STATE BUILDING BONDS
DEBT SERVICE SCHEDULE
SERIES: A 1985
DATE ISSUED: 3/1/85
AMOUNT ISSUED: $75,000,000
FISCAL
YEAR
1985
1986
1987
INTEREST
9/1
3,424,112.50
3,390,312.50
(FY88-2010 REFUNDED BY SERIES A 1987 REFUNDING)
INTEREST
3/1
3,424,112.50
3,390,312.50
PRINCIPAL
3/1
650,000.00
975,000.00
ANNUAL
DEBT SERVICE
7,498,225.00
7,755,625.00
OUTSTANDING
PRINCIPAL
75,000,000.00
74,350,000.00
73,375,000.00
TOTAL
6,814,425.00
6,814,425.00
1,625,000.00
15,253,850.00
- 122 -
BOARD OF FUND COMMISSIONERS
THIRD STATE BUILDING BONDS
$325,000,000
SERIES A 1986
(Partially Refunded)
DATED July 15, 1986
SALE DATE June 18, 1986
INTEREST PAYMENT DATES February 1 and August 1 commencing February 1 , 1987
PRINCIPAL PAYMENT DATE August 1 commencing August 1 , 1 987
TRUE INTEREST COST 7.36587%
BOND COUNSEL Gaar & Bell
FINANCIAL ADVISOR E. F. Hutton & Company, Inc.
UNDERWRITER MANAGER Morgan Guaranty Trust Company of New York
PAYING AGENT Boatmen's National Bank of St. Louis
AUTHORIZATION Article III, Section 37(d)
Maturities and Interest Rates
Year
Amount
Rate
Year
Amount
Rate
1987
$ 5,200,000
9.25%
1999
$ 12,415,000
7.30%
1988
5,590,000
9.25%
2000
13,350,000
7.30%
1989
6,010,000
9.25%
2001
14,355,000
7.40%
1990
6,465,000
9.25%
2002
15,435,000
7.40%
1991
6,950,000
9.25%
2003
16,595,000
7.40%
1992
7,475,000
9.25%
2004
17,845,000
7.40%
1993
8,035,000
9.25%
2005
19,185,000
7.05%
1994
8,640,000
9.25%
2006
20,630,000
6.75%
1995
9,290,000
9.25%
2007
22,185,000
7.50%
1996
9,990,000
7.20%
2008
23,850,000
7.00%
1997
10,740,000
7.10%
2009
25,645,000
7.00%
1998
11,550,000
7.20%
2010
27,575,000
7.00%
Redemption
The State Building Bonds maturing on August 1, 1997, and thereafter, may be called for
redemption and payment prior to maturity at the option of the Board, as a whole or in part, in inverse
order of maturity (bonds of less than a full maturity to be selected by lot by the Bond Registrar in such
equitable manner as it shall designate) on August 1, 1996, or on any interest payment date thereafter,
at the following prices, expressed as percentages of principal amount, together with accrued interest to
the date of redemption and payment:
- 123 -
BOARD OF FUND COMMISSIONERS
THIRD STATE BUILDING BONDS
$325,000,000 (Partially Refunded)
SERIES A 1986
Redemption (continued)
Redemption
Redemption Dates Prices
August 1 , 1 996 and February 1 , 1 997 1 02%
August 1 , 1 997 and February 1 , 1 998 101 %%
August 1 , 1 998 and February 1 , 1 999 101 Vfc%
August 1 , 1 999 and February 1 , 2000 1 01 1 /4%
August 1 , 2000 and February 1 , 2001 101 %
August 1 , 2001 and February 1 , 2002 1 00%%
August 1 , 2002 and February 1 , 2003 1 00 1 /2%
August 1 , 2003 and February 1 , 2004 1 00 1 /4%
August 1 , 2004 and thereafter 1 00%
In the event of any such redemption, the Board shall give written notice of its intention to redeem
and pay the bonds, such notice to be given by United States registered mail addressed to the
registered owner of any bond being redeemed, to the State Auditor of Missouri and to the manager of
the underwriting group purchasing the Series A 1986 Bonds, each of said notices to be mailed not less
than 30 days prior to the date fixed for redemption.
Defeasance
On August 15, 1992, $251,355,000 of outstanding Series A 1986 Bonds were refunded with the
issuance of Series A 1992 Refunding Bonds. This amount represented only the callable portions of the
bonds, $35,955,000 of the bonds were not refunded and remain a liability of the Board. The proceeds
of the refunding bonds were deposited in an escrow fund with Boatmen's Trust Company, St. Louis.
The money in the escrow fund was used to pay the principal and interest of the callable portions of the
Series A 1986 Bonds. With the deposit of these moneys in the escrow fund, the callable portions of the
Series A 1 986 Bonds were legally defeased.
Call Date
The Series A 1986 Bonds maturing on August 1 , 1997, and thereafter were called for redemption
on August 1, 1996, at 102%.
- 124-
THIRD STATE BUILDING BONDS
DEBT SERVICE SCHEDULE
SERIES: A 1986 (FY98-2011 CALLABLES REFUNDED BY SERIES A 1992 REFUNDING)
DATE OF ISSUE: 7/15/86
AMOUNT OF ISSUE: $325,000,000
FISCAL
INTEREST
INTEREST
PRINCIPAL
ANNUAL
OUTSTANDING
YEAR
8/1
2/1
8/1
DEBT SERVICE
PRINCIPAL
1987
-
13,414,683.72
-
13,414,683.72
325,000,000.00
1988
12,319,607.50
12,079,107.50
5,200,000.00
29,598,715.00
319,800,000.00
1989
12,079,107.50
11,820,570.00
5,590,000.00
29,489,677.50
314,210,000.00
1990
11,820,570.00
11,542,607.50
6,010,000.00
29,373,177.50
308,200,000.00
1991
11,542,607.50
11,243,601.25
6,465,000.00
29,251,208.75
301,735,000.00
1992
11,243,601.25
10,922,163.75
6,950,000.00
29,115,765.00
294,785,000.00
1993
10,922,163.75
1,560,521.25
7,475,000.00
19,957,685.00
35,955,000.00
1994
1,560,521.25
1,188,902.50
8,035,000.00
10,784,423.75
27,920,000.00
1995
1,188,902.50
789,302.50
8,640,000.00
10,618,205.00
19,280,000.00
1996
789,302.50
359,640.00
9,290,000.00
10,438,942.50
9,990,000.00
1997
359,640.00
9,990,000.00
10,349,640.00
TOTAL
73,826,023.75
74,921,099.97
73,645,000.00
222,392,123.72
- 125 -
BOARD OF FUND COMMISSIONERS
THIRD STATE BUILDING BONDS
$170,115,000
SERIES A 1987 REFUNDING
(Partially Refunded)
DATED August 1,1987
SALE DATE July 17, 1987
INTEREST PAYMENT DATES February 1 and August 1 commencing February 1 , 1988
PRINCIPAL PAYMENT DATE August 1 commencing August 1 , 1 988
TRUE INTEREST COST 6.8970%
BOND COUNSEL Gilmore & Bell
FINANCIAL ADVISOR Stifel, Nicolaus & Company, Inc.
UNDERWRITER MANAGER Citicorp Investment Bank
PAYING AGENT United Missouri Bank of Kansas City, N.A.
ESCROW AGENT - Mark Twain Bank
ESCROW VERIFICATION AGENT Laventol & Horwath, CPAs, Philadelphia, PA
Maturities and Interest Rates
Year
Amount
Rate
Year
Amount
Rate
1988
$ 4,100,000
7.75%
1999
$ 8,505,000
6.600%
1989
4,380,000
7.75%
2000
9,055,000
6.700%
1990
4,710,000
7.75%
2001
7,955,000
6.800%
1991
5,040,000
7.75%
2002
8,515,000
6.900%
1992
5,340,000
7.75%
2003
9,125,000
7.000%
1993
5,715,000
7.75%
2004
9,755,000
7.000%
1994
6,115,000
5.75%
2005
10,455,000
7.125%
1995
6,535,000
5.90%
2006
11,235,000
7.200%
1996
6,990,000
6.10%
2007
12,065,000
7.200%
1997
7,465,000
6.30%
2008
12,950,000
7.200%
1998
7,960,000
6.50%
2009
6,150,000
6.500%
Redemption
The State Building Bonds or portions of such bonds, maturing on August 1, 1998, and thereafter,
may be called for redemption and payment prior to maturity at the option of the Board, as a whole or in
part in inverse order of maturity (bonds of less than a full maturity to be selected by the Bond Registrar
by lot or in such equitable manner as it shall designate) on August 1, 1997, or on any interest payment
date thereafter, at the following prices, expressed as percentages of principal amount, together with
accrued interest to the date of redemption and payment:
- 126 -
BOARD OF FUND COMMISSIONERS
THIRD STATE BUILDING BONDS
$1 70,1 1 5,000 (Partially Refunded)
SERIES A 1987 REFUNDING
Redemption (continued)
Redemption
Redemption Dates Prices
August 1 , 1 997 and February 1 , 1 998 1 02%
August 1 , 1 998 and February 1 , 1 999 101 1 /2%
August 1 , 1 999 and February 1 , 2000 1 01 %
August 1 , 2000 and February 1 , 2001 1 00 1 /2%
August 1 , 2001 and thereafter 1 00%
In the event of any such redemption, the Board, or the Bond Registrar acting on behalf of the
Board, shall give written notice of its intention to redeem and pay the bonds. Such notice shall be
given by United States registered or certified mail not less than 30 days prior to the date fixed for
redemption, addressed to the registered owner of any bond being redeemed, to the State Auditor of
Missouri, and to the manager of the underwriting group purchasing the bonds.
Note
The Series A 1987 Refunding Bonds were issued to refund the following bonds:
Series Outstanding Principal and Amount Refunded
B 1983 $33,675,000
A 1984 48,130,000
A 1 985 73,375,000
$155,180,000
The additional principal amount of the Series A 1987 Refunding Bonds did not decrease the
amount of the statutory authorization for the Third State Building Bonds.
Defeasance
On August 1, 1993, $113,725,000 of outstanding Series A 1987 Refunding Bonds were refunded
with the issuance of Series A 1993 Refunding Bonds. This amount represented only the callable
portions of the bonds, $32,820,000 of the bonds were not refunded and remain a liability of the Board.
The proceeds of the refunding bonds were deposited in an escrow fund with Boatmen's Trust
Company, St. Louis. The money in the escrow fund was used to pay the principal and interest of the
callable portions of the Series A 1987 Refunding Bonds. With the deposit of these moneys in the
escrow fund, the callable portions of the Series A 1987 Refunding Bonds were legally defeased.
Call Date
The Series A 1987 Refunding Bonds maturing on August 1, 1998, and thereafter were called for
redemption on August 1, 1997, at 102%.
- 127-
THIRD STATE BUILDING BONDS
DEBT SERVICE SCHEDULE
SERIES: A 1987 REFUNDING
DATE OF ISSUE: 8/1/87
AMOUNT OF ISSUE: $170,115,000
FISCAL
INTEREST
YEAR
8/1
1988
-
1989
5,896,814.83
1990
5,737,939.83
1991
5,568,214.83
1992
5,385,702.33
1993
5,190,402.33
1994
4,983,477.33
1995
816,931.25
1996
641,125.00
1997
448,342.50
1998
235,147.50
TOTAL
34,904,097.73
(FY99-2010 CALLABLES REFUNDED BY SERIES A 1993 REFUNDING)
(REFUNDING EXCESS $14,935,000)
INTEREST
PRINCIPAL
ANNUAL
OUTSTANDING
2/1
8/1
DEBT SERVICE
PRINCIPAL
5,896,814.83
-
5,896,814.83
170,115,000.00
5,737,939.83
4,100,000.00
15,734,754.66
166,015,000.00
5,568,214.83
4,380,000.00
15,686,154.66
161,635,000.00
5,385,702.33
4,710,000.00
15,663,917.16
156,925,000.00
5,190,402.33
5,040,000.00
15,616,104.66
151,885,000.00
4,983,477.33
5,340,000.00
15,513,879.66
146,545,000.00
816,931.25
5,715,000.00
11,515,408.58
27,105,000.00
641,125.00
6,115,000.00
7,573,056.25
20,990,000.00
448,342.50
6,535,000.00
7,624,467.50
14,455,000.00
235,147.50
6,990,000.00
7,673,490.00
7,465,000.00
7,465,000.00
7,700,147.50
34,904,097.73
56,390,000.00
126,198,195.46
- 128 -
BOARD OF FUND COMMISSIONERS
THIRD STATE BUILDING BONDS
$75,000,000 (Partially Refunded)
SERIES B 1987
DATED December 1 , 1 987
SALE DATE November 1 7, 1 987
INTEREST PAYMENT DATES June 1 and December 1 commencing June 1, 1988
PRINCIPAL PAYMENT DATE December 1 commencing December 1, 1988
TRUE INTEREST COST 7.5038%
BOND COUNSEL Stinson, Mag & Fizzell
FINANCIAL ADVISOR A.G. Edwards & Sons, Inc.
UNDERWRITER MANAGER Chase Manhattan Capital Markets Corporation
PAYING AGENT Mark Twain Bank, St. Louis, MO
AUTHORIZATION Article III, Section 37(d)
Maturities and Interest Rates
Year Amount
1988 $ 1,015,000
1989 1,100,000
1990 1,195,000
1991 1,300,000
1992 1,410,000
1993 1,535,000
1994 1,665,000
1995 1,790,000
1996 1,920,000
1997 2,055,000
1998 2,205,000
1999 2,370,000
2000 2,555,000
Redemption
The Bonds maturing on December 1, 1995, and thereafter, may be called for redemption and
payment prior to maturity at the option of the Board, as a whole or in part (bonds of less than a full
maturity to be selected by the Bond Registrar by lot or in such equitable manner as it shall designate),
on December 1 , 1 994, or on any interest payment date thereafter, at the following prices, expressed as
percentages of principal amount, together with accrued interest to the date of redemption and payment:
Rate
Year
9.00%
2001
9.00%
2002
9.00%
2003
9.00%
2004
9.00%
2005
9.00%
2006
9.00%
2007
7.20%
2008
6.50%
2009
6.60%
2010
6.70%
2011
6.80%
2012
6.90%
Amount
Rate
$ 2,755,000
7.00%
2,975,000
7.10%
3,215,000
7.30%
3,475,000
7.40%
3,760,000
7.40%
4,070,000
7.50%
4,405,000
7.50%
4,775,000
7.60%
5,175,000
7.70%
5,610,000
7.70%
6,080,000
7.70%
6,590,000
7.70%
- 129 -
BOARD OF FUND COMMISSIONERS
THIRD STATE BUILDING BONDS
$75,000,000
SERIES B 1987
(Partially Refunded)
Redemption (continued)
Redemption Dates
Redemption
Prices
December 1 , 1 994 and June 1 , 1 995
December 1 , 1 995 and June 1 , 1 996
December 1 , 1 996 and June 1 , 1 997
December 1 , 1 997 and thereafter
103%
102%
101%
100%
In the event of any such redemption, the Board, or the Bond Registrar acting on behalf of the
Board, shall give written notice of its intention to redeem and pay the bonds. Such notice to be given
by United States registered or certified mail not less than 30 days prior to the date fixed for redemption,
addressed to the registered owner of any bond being redeemed, to the State Auditor of Missouri, and
to the manager of the underwriting group purchasing the bonds.
On November 1, 1991, $65,780,000 of outstanding Series B 1987 Bonds were refunded with the
issuance of Series B 1991 Refunding Bonds. This amount represented only the callable portions of the
bonds, $5,910,000 of the bonds were not refunded and remain a liability of the Board. The proceeds of
the Refunding Bonds were deposited in an escrow fund with Commerce Bank of Kansas City, N.A.
The money in the escrow fund was used to pay the principal and interest of the callable portions of the
Series B 1987 Bonds. With the deposit of these moneys in the escrow fund, the callable portions of the
Series B 1 987 Bonds were legally defeased.
The Series B 1987 Bonds maturing on December 1, 1995, and thereafter were called for
redemption on December 1, 1994, at 103%.
Defeasance
Call Date
- 130 -
THIRD STATE BUILDING BONDS
DEBT SERVICE SCHEDULE
SERIES: B 1987
DATE OF ISSUE: 12/1/87
AMOUNT OF ISSUE: $75,000,000
FISCAL
INTEREST
YEAR
12/1
1988
1989
2,841,510.00
1990
2,795,835.00
1991
2,746,335.00
1992
265,950.00
1993
207,450.00
1994
144,000.00
1995
74,925.00
TOTAL
9,076,005.00
(FY96-2013 CALLABLES REFUNDED BY SERIES B 1991 REFUNDING)
INTEREST
PRINCIPAL
ANNUAL
OUTSTANDING
6/1
12/1
DEBT SERVICE
PRINCIPAL
2,841,510.00
2,841,510.00
75,000,000.00
2,795,835.00
1,015,000.00
6,652,345.00
73,985,000.00
2,746,335.00
1,100,000.00
6,642,170.00
72,885,000.00
2,692,560.00
1,195,000.00
6,633,895.00
71,690,000.00
207,450.00
1,300,000.00
1,773,400.00
4,610,000.00
144,000.00
1,410,000.00
1,761,450.00
3,200,000.00
74,925.00
1,535,000.00
1,753,925.00
1 ,665,000.00
1,665,000.00
1,739,925.00
11,502,615.00
9,220,000.00
29,798,620.00
- 131 -
BOARD OF FUND COMMISSIONERS
THIRD STATE BUILDING BONDS
$34,870,000 (Partially Refunded)
SERIES A 1991 REFUNDING
DATED November 1, 1991
SALE DATE October 23, 1 991
INTEREST PAYMENT DATES May 1 and November 1 commencing May 1 , 1992
PRINCIPAL PAYMENT DATE November 1 commencing November 1 , 1 992
TRUE INTEREST COST 6.1 10755%
BOND COUNSEL Gilmore & Bell
FINANCIAL ADVISOR Boatmen's National Bank of St. Louis
UNDERWRITER MANAGER Goldman, Sachs and Co.
PAYING AGENT The Chase Manhattan Bank, New York, NY
ESCROW AGENT Commerce Bank of Kansas City
ESCROW VERIFICATION AGENT Causey Demgen and Moore, Denver, CO
Maturities and Interest Rates
Year
Amount
Rate
Year
Amount
Rate
1992
$ 165,000
7.75%
2003
$ 2,090,000
5.80%
1993
555,000
7.75%
2004
2,240,000
6.00%
1994
605,000
7.75%
2005
2,385,000
6.10%
1995
1,235,000
7.75%
2006
2,550,000
6.20%
1996
1,315,000
7.75%
2007
2,725,000
6.25%
1997
1,415,000
6.50%
2008
1,560,000
6.25%
1998
1,505,000
5.25%
2009
1,670,000
6.25%
1999
1,595,000
5.30%
2010
1,785,000
6.30%
2000
1,715,000
5.40%
2011
1,915,000
6.30%
2001
1,830,000
5.50%
2012
2,060,000
6.30%
2002
1,955,000
5.70%
Redemption
At the option of the Board, bonds maturing on November 1, 2002 and thereafter may be called
for redemption and payment prior to maturity, on November 1 , 2001 and thereafter, in whole at any
time or in part on any interest payment date, in inverse order of maturity (bonds of less than a full
maturity to be selected by lot by the Bond Registrar in such equitable manner as it shall designate), at
a redemption price equal to 100% of the principal amount thereof, together with accrued interest
thereon to the redemption date, without premium.
- 132 -
BOARD OF FUND COMMISSIONERS
THIRD STATE BUILDING BONDS
$34,870,000 (Partially Refunded)
SERIES A 1991 REFUNDING
Redemption (continued)
In the event of any such redemption, the Board, or the Bond Registrar acting on behalf of the
Board, shall give written notice of its intention to redeem and pay the bonds, said notice to be given by
United States first class, certified or registered mail addressed to the State Auditor of Missouri, to the
registered owner of any bond being redeemed, and to the manager of the underwriting group
purchasing the bonds, each of said notices to be mailed not less than thirty (30) days prior to the date
fixed for redemption.
Note
The Series A 1991 Refunding Bonds were issued to refund the callable portions of the following
bonds:
Outstanding Principal Maturities
Series Principal Refunded Refunded
A 1983 $34,800,000 $32,835,000 1994-2008
The additional principal amount of the Series A 1991 Refunding Bonds did not decrease the
amount of the statutory authorization for the Third State Building Bonds.
Defeasance
On August 1, 1993, $22,935,000 of outstanding Series A 1991 Refunding Bonds were refunded
with the issuance of Series A 1993 Refunding Bonds. This amount represented only the callable
portions of the Bonds, $1 1 ,770,000 of the bonds were not refunded and remain a liability of the Board.
The proceeds of the refunding bonds were deposited in an escrow fund with Boatmen's Trust
Company, St. Louis. The money in the escrow fund was used to pay the principal and interest of the
callable portions of the Series A 1991 Refunding Bonds. With the deposit of these moneys in the
escrow fund, the callable portions of the Series A 1991 Refunding Bonds were legally defeased.
Call Date
The Series A 1991 Refunding Bonds maturing on November 1 , 2002, and thereafter were called
for redemption on November 1, 2001, at 100%.
- 133 -
THIRD STATE BUILDING BONDS
DEBT SERVICE SCHEDULE
SERIES: A 1 991 REFUNDING (FY2003-1 3 CALLABLES REFUNDED BY SERIES A 1 993 RFDG)
DATE OF ISSUE: 11/1/91 (REFUNDED A 1983 CALLABLES)
AMOUNT OF ISSUE: $34,870,000 (REFUNDING EXCESS $2,035,000)
FISCAL
INTEREST
INTEREST
PRINCIPAL
ANNUAL
OUTSTANDING
YEAR
11/1
5/1
11/1
DEBT SERVICE
PRINCIPAL
1992
-
1,077,401.25
-
1,077,401.25
34,870,000.00
1993
1,077,401.25
1,071,007.50
165,000.00
2,313,408.75
34,705,000.00
1994
368,153.75
346,647.50
555,000.00
1,269,801.25
11,215,000.00
1995
346,647.50
323,203.75
605,000.00
1,274,851.25
10,610,000.00
1996
323,203.75
275,347.50
1,235,000.00
1,833,551.25
9,375,000.00
1997
275,347.50
224,391.25
1,315,000.00
1,814,738.75
8,060,000.00
1998
224,391.25
178,403.75
1,415,000.00
1,817,795.00
6,645,000.00
1999
178,403.75
138,897.50
1,505,000.00
1,822,301.25
5,140,000.00
2000
138,897.50
96,630.00
1,595,000.00
1,830,527.50
3,545,000.00
2001
96,630.00
50,325.00
1,715,000.00
1,861,955.00
1,830,000.00
2002
50,325.00
1,830,000.00
1,880,325.00
TOTAL
3,079,401.25
3,782,255.00
11,935,000.00
18,796,656.25
-134-
BOARD OF FUND COMMISSIONERS
THIRD STATE BUILDING BONDS
$71,955,000
SERIES B 1991 REFUNDING
(Refunded)
DATED November 1, 1991
SALE DATE October 23, 1 991
INTEREST PAYMENT DATES May 1 and November 1 commencing May 1 , 1992
PRINCIPAL PAYMENT DATE November 1 commencing November 1 , 1 992
TRUE INTEREST COST 6.1 10755%
BOND COUNSEL Gilmore & Bell
FINANCIAL ADVISOR Boatmen's National Bank of St. Louis
UNDERWRITER MANAGER Goldman, Sachs and Co.
PAYING AGENT The Chase Manhattan Bank, New York, NY
ESCROW AGENT Commerce Bank of Kansas City
ESCROW VERIFICATION AGENT Causey Demgen and Moore, Denver, CO
Maturities and Interest Rates
Year
Amount
Rate
Year
Amount
Rate
1992
$ 340,000
7.75%
2003
$ 4,310,000
5.80%
1993
1,140,000
7.75%
2004
4,625,000
6.00%
1994
1,245,000
7.75%
2005
4,915,000
6.10%
1995
2,555,000
7.75%
2006
5,270,000
6.20%
1996
2,725,000
7.75%
2007
5,625,000
6.25%
1997
2,920,000
6.50%
2008
3,215,000
6.25%
1998
3,105,000
5.25%
2009
3,450,000
6.25%
1999
3,290,000
5.30%
2010
3,685,000
6.30%
2000
3,540,000
5.40%
2011
3,945,000
6.30%
2001
3,775,000
5.50%
2012
4,245,000
6.30%
2002
4,035,000
5.70%
Redemption
At the option of the Board, bonds maturing on November 1, 2002 and thereafter may be called
for redemption and payment prior to maturity, on November 1 , 2001 and thereafter, in whole at any
time or in part on any interest payment date, in inverse order of maturity (bonds of less than a full
maturity to be selected by lot by the Bond Registrar in such equitable manner as it shall designate), at
a redemption price equal to 100% of the principal amount thereof, together with accrued interest
thereon to the redemption date, without premium.
- 135 -
BOARD OF FUND COMMISSIONERS
THIRD STATE BUILDING BONDS
$71,955,000 (Refunded)
SERIES B 1991 REFUNDING
Redemption (continued)
In the event of any such redemption, the Board, or the Bond Registrar acting on behalf of the
Board, shall give written notice of its intention to redeem and pay the bonds, said notice to be given by
United States first class, certified or registered mail addressed to the State Auditor of Missouri, to the
registered owner of any bond being redeemed, and to the manager of the underwriting group
purchasing the bonds, each of said notices to be mailed not less than thirty (30) days prior to the date
fixed for redemption.
Note
The Series B 1991 Refunding Bonds were issued to refund the callable portions of the following
bonds:
Outstanding Principal Maturities
Series Principal Refunded Refunded
B 1987 $71,690,000 $65,780,000 1995-2012
The additional principal amount of the Series B 1991 Refunding Bonds did not decrease the
amount of the statutory authorization for the Third State Building Bonds.
Defeasance
On October 15, 2002, $47,320,000 of outstanding Series B 1991 Refunding Bonds were
refunded with the issuance of Series A 2002 Refunding Bonds. The proceeds of the refunding bonds
were deposited in an escrow fund with First Bank of Missouri. The money in the escrow fund was
used to pay the principal and interest on the Series B 1991 Refunding Bonds. With the deposit of
these moneys in the escrow fund, the Series B 1991 Refunding Bonds were legally defeased.
Call Date
The Series B 1991 Refunding Bonds maturing on November 1, 2002 and thereafter were called
for redemption on October 15, 2002.
- 136 -
THIRD STATE BUILDING BONDS
DEBT SERVICE SCHEDULE
SERIES:
B 1991 REFUNDING
(Refunded B1987)
DATE OF ISSUE: 11/1/91
Refunding Excess: $6,175,000
AMOUNT OF ISSUE: $71,955,000
(FY 03-FY13 refunded with Series A 2002)*
FISCAL
INTEREST
INTEREST
PRINCIPAL
ANNUAL
OUTSTANDING
YEAR
11/1
5/1
11/1
DEBT SERVICE
PRINCIPAL
1992
2,223,317.50
2,223,317.50
71,955,000.00
1993
2,223,317.50
2,210,142.50
340,000.00
4,773,460.00
71,615,000.00
1994
2,210,142.50
2,165,967.50
1,140,000.00
5,516,110.00
70,475,000.00
1995
2,165,967.50
2,117,723.75
1,245,000.00
5,528,691.25
69,230,000.00
1996
2,117,723.75
2,018,717.50
2,555,000.00
6,691,441.25
66,675,000.00
1997
2,018,717.50
1,913,123.75
2,725,000.00
6,656,841.25
63,950,000.00
1998
1,913,123.75
1,818,223.75
2,920,000.00
6,651,347.50
61,030,000.00
1999
1,818,223.75
1,736,717.50
3,105,000.00
6,659,941.25
57,925,000.00
2000
1,736,717.50
1,649,532.50
3,290,000.00
6,676,250.00
54,635,000.00
2001
1 ,649,532.50
1,553,952.50
3,540,000.00
6,743,485.00
51,095,000.00
2002
1,553,952.50
1,450,140.00
3,775,000.00
6,779,092.50
47,320,000.00
TOTAL
19,407,418.75
20,857,558.75
24,635,000.00
64,899,977.50
Amount Refunded: $47,320,000
-137-
BOARD OF FUND COMMISSIONERS
THIRD STATE BUILDING BONDS
$273,205,000
SERIES A 1992 REFUNDING
(Refunded)
DATED August 15, 1992
SALE DATE July 29, 1992
INTEREST PAYMENT DATES - February 1 and August 1 commencing February 1 , 1993
PRINCIPAL PAYMENT DATE August 1 commencing August 1 , 1 993
TRUE INTEREST COST 5.332850%
BOND COUNSEL Gilmore & Bell
FINANCIAL ADVISOR Boatmen's National Bank of St. Louis
UNDERWRITER MANAGER First Chicago Capital Markets, Inc.
PAYING AGENT Bank of New York (acquired the trust division of Mercantile
Bank, 3/98, who merged with original Paying Agent, Mark
Twain Bank, 6/97)
ESCROW AGENT - Boatmen's Trust Company
ESCROW VERIFICATION AGENT GrantThornton, Minneapolis, MN
Maturities and Interest Rates
Year
Amount
Rate
Year
Amount
Rate
1993
$ 300,000
7.50%
2002
$ 17,800,000
5.000%
1994
405,000
7.50%
2003
18,475,000
5.000%
1995
500,000
7.50%
2004
19,745,000
5.100%
1996
600,000
7.50%
2005
20,650,000
5.250%
1997
10,500,000
7.50%
2006
21,900,000
5.250%
1998
14,000,000
7.50%
2007
23,145,000
5.250%
1999
15,310,000
7.50%
2008
24,300,000
5.250%
2000
15,795,000
5.00%
2009
25,750,000
5.125%
2001
16,825,000
5.00%
2010
27,205,000
5.000%
Redemption
At the option of the Board, bonds maturing on August 1 , 2003 and thereafter may be called for
redemption and payment prior to maturity, on August 1 , 2002 and thereafter, in whole at any time or in
part on any interest payment date, in inverse order of maturity (bonds of less than a full maturity to be
selected by lot by the Bond Registrar in such equitable manner as it shall designate), at a redemption
price equal to 100% of the principal amount thereof, together with accrued interest thereon to the
redemption date, without premium.
- 138 -
BOARD OF FUND COMMISSIONERS
THIRD STATE BUILDING BONDS
$273,205,000 (Refunded)
SERIES A 1992 REFUNDING
Redemption (continued)
In the event of any such redemption, the Board, or the Bond Registrar acting on behalf of the
Board, shall give written notice of its intention to redeem and pay the bonds, said notice to be given by
United States first class, certified or registered mail addressed to the State Auditor of Missouri, to the
registered owner of any bond being redeemed, and to the manager of the underwriting group
purchasing the bonds, each of said notices to be mailed not less than thirty (30) days prior to the date
fixed for redemption.
Note
The Series A 1992 Refunding Bonds were issued to refund the callable portions of the following
bonds:
Outstanding Principal Maturities
Series Principal Refunded Refunded
A 1986 $287,310,000 $251,355,000 1997-2010
The additional principal amount of the Series A 1992 Refunding Bonds did not decrease the
amount of the statutory authorization for the Third State Building Bonds.
Defeasance
On October 15, 2002, $181,170,000 of outstanding Series A 1992 Refunding Bonds were
refunded with the issuance of Series A 2002 Refunding Bonds. The proceeds of the refunding bonds
were deposited in an escrow fund with First Bank of Missouri. The money in the escrow fund was to be
used to pay the principal and interest on the Series A 1992 Refunding Bonds. With the deposit of
these moneys in the escrow fund, the Series A 1992 Refunding Bonds were legally defeased.
Call Date
The Series A 1992 Refunding Bonds maturing on August 1, 2003 and thereafter were called for
redemption on October 15, 2002.
- 139 -
THIRD STATE BUILDING BONDS
DEBT SERVICE SCHEDULE
SERIES: A 1992 REFUNDING
DATE OF ISSUE: 8/15/92
AMOUNT OF ISSUE: $273,205,000
(Refunded A1986)
Refunding Excess: $21,850,000
(FY 04-FY1 1 refunded with Series A 2002)*
FISCAL
INTEREST
INTEREST
PRINCIPAL
ANNUAL
OUTSTANDING
YEAR
8/1
2/1
8/1
DEBT SERVICE
PRINCIPAL
1992
-
-
-
-
-
1993
-
6,906,312.42
-
6,906,312.42
273,205,000.00
1994
7,488,772.50
7,477,522.50
300,000.00
15,266,295.00
272,905,000.00
1995
7,477,522.50
7,462,335.00
405,000.00
15,344,857.50
272,500,000.00
1996
7,462,335.00
7,443,585.00
500,000.00
15,405,920.00
272,000,000.00
1997
7,443,585.00
7,421,085.00
600,000.00
15,464,670.00
271,400,000.00
1998
7,421,085.00
7,027,335.00
10,500,000.00
24,948,420.00
260,900,000.00
1999
7,027,335.00
6,502,335.00
14,000,000.00
27,529,670.00
246,900,000.00
2000
6,502,335.00
5,928,210.00
15,310,000.00
27,740,545.00
231,590,000.00
2001
5,928,210.00
5,533,335.00
15,795,000.00
27,256,545.00
215,795,000.00
2002
5,533,335.00
5,112,710.00
16,825,000.00
27,471,045.00
198,970,000.00
2003
5,112,710.00
17,800,000.00
22,912,710.00
TOTAL
67,397,225.00
66,814,764.92
92,035,000.00
226,246,989.92
Amount Refunded: $181,1 70,000
- 140 -
BOARD OF FUND COMMISSIONERS
THIRD STATE BUILDING BONDS
$148,480,000
SERIES A 1993 REFUNDING
(Refunded)
DATED August 1,1993
SALE DATE July 21, 1993
INTEREST PAYMENT DATES February 1 and August 1 commencing February 1 , 1994
PRINCIPAL PAYMENT DATE August 1 commencing August 1 , 1 994
TRUE INTEREST COST 4.9654%
BOND COUNSEL Thompson & Mitchell
FINANCIAL ADVISOR A.G. Edwards & Sons Inc., St. Louis
UNDERWRITER MANAGER The First Boston Corporation
PAYING AGENT Bank of New York (acquired original Paying Agent,
Boatmen's Trust Company, 8/97)
ESCROW AGENT Boatmen's Trust Company
ESCROW VERIFICATION AGENT Causey Demgen & Moore, Denver, CO
Maturities and Interest Rates
Year
Amount
Rate
Year
Amount
Rate
1994
$ 1,325,000
7.30%
2004
$ 12,670,000
4.80%
1995
1,435,000
7.30%
2005
13,290,000
4.90%
1996
1,555,000
7.30%
2006
13,980,000
5.00%
1997
1,685,000
7.30%
2007
14,700,000
5.00%
1998
9,695,000
5.25%
2008
14,115,000
5.10%
1999
10,150,000
6.15%
2009
7,200,000
5.10%
2000
10,435,000
4.30%
2010
1,070,000
5.10%
2001
9,185,000
4.40%
2011
1,140,000
5.10%
2002
11,540,000
4.50%
2012
1,215,000
5.10%
2003
12,095,000
4.60%
Redemption
At the option of the Board, bonds maturing on August 1 , 2004 and thereafter may be called for
redemption and payment prior to maturity, on August 1 , 2003 and thereafter, in whole at any time or in
part on any interest payment date, in any order of maturity (bonds of less than a full maturity to be
selected by lot by the Bond Registrar in such equitable manner as it shall designate), at a redemption
prices together with accrued interest thereon to the redemption date, set forth in the following table:
- 141 -
BOARD OF FUND COMMISSIONERS
THIRD STATE BUILDING BONDS
$148,480,000 (Refunded)
SERIES A 1993 REFUNDING
Redemption (continued)
Redemption
Redemption Dates Prices
August 1 , 2003 through July 31 , 2004 1 02%
August 1 , 2004 through July 31, 2005 101%
August 1 , 2005 and thereafter 1 00%
In the event of any such redemption, the Board, or the Bond Registrar acting on behalf of the
Board, shall give written notice of its intention to redeem and pay the bonds, said notice to be given by
United States first class, certified or registered mail addressed to the State Auditor of Missouri, to the
registered owner of any bond being redeemed, and to the manager of the underwriting group
purchasing the bonds, each of said notices to be mailed not less than thirty (30) days prior to the date
fixed for redemption.
Note
The Series A 1993 Refunding Bonds were issued to refund the callable portions of the following
bonds:
Outstanding Principal Maturities
Series Principal Refunded Refunded
A 1987 Refunding $146,545,000 $113,725,000 1998-2009
A 1991 Refunding 34,705,000 22,935,000 2002-2012
$136,660,000
The additional principal amount of the Series a 1993 Refunding Bonds did not decrease the
amount of the statutory authorization for the Third State Building Bonds.
Defeasance
On October 29, 2003, $79,380,000 of outstanding Series A 1993 Refunding Bonds were refunded
with the issuance of Series A 2003 Refunding Bonds. The proceeds of the refunding bonds were
deposited in an escrow fund with UMB Bank NA. The money in the escrow fund was used to pay the
principal and interest on the Series A 1993 Refunding Bonds. With the deposit of these moneys in the
escrow fund, the Series A 1993 Refunding Bonds were legally defeased.
Call Date
The Series A 1993 Refunding Bonds maturing on August 1, 2004 and thereafter were called for
redemption on October 29, 2003.
- 142 -
THIRD STATE BUILDING BONDS
DEBT SERVICE SCHEDULE
SERIES: A 1993 REFUNDING
DATE OF ISSUE: 8/1/93
AMOUNT OF ISSUE: $148,480,000
(Refunded A1987 Refunding, A1991 Refunding)
Refunding Excess: $1 1 ,820,000
(FY 05-FY13 refunded with Series A 2003)*
FISCAL
INTEREST
INTEREST
PRINCIPAL
ANNUAL
OUTSTANDING
YEAR
8/1
2/1
8/1
DEBT SERVICE
PRINCIPAL
1994
-
3,721,359.38
-
3,721,359.38
148,480,000.00
1995
3,721,359.38
3,672,996.88
1,325,000.00
8,719,356.26
147,155,000.00
1996
3,672,996.88
3,620,619.38
1,435,000.00
8,728,616.26
145,720,000.00
1997
3,620,619.38
3,563,861.88
1,555,000.00
8,739,481.26
144,165,000.00
1998
3,563,861.88
3,502,359.38
1,685,000.00
8,751,221.26
142,480,000.00
1999
3,502,359.38
3,253,925.00
9,695,000.00
16,451,284.38
132,785,000.00
2000
3,253,925.00
2,941,812.50
10,150,000.00
16,345,737.50
122,635,000.00
2001
2,941,812.50
2,717,460.00
10,435,000.00
16,094,272.50
112,200,000.00
2002
2,717,460.00
2,515,390.00
9,185,000.00
14,417,850.00
103,015,000.00
2003
2,515,390.00
2,255,740.00
11,540,000.00
16,311,130.00
91,475,000.00
2004
2,255,740.00
12,095,000.00
14,350,740.00
TOTAL
31,765,524.40
31,765,524.40
69,100,000.00
132,631,048.80
Amount Refunded:
$79,380,000
- 143 -
BOARD OF FUND COMMISSIONERS
THIRD STATE BUILDING BONDS
$211,630,000
SERIES A 2002 REFUNDING
DATED October 15, 2002
SALE DATE September 26, 2002
INTEREST PAYMENT DATES April 1 and October 1 commencing April 1 , 2003
PRINCIPAL PAYMENT DATE October 1 commencing October 1 , 2003
TRUE INTEREST COST 3.431 555%
BOND COUNSEL Gilmore & Bell, PC & The Martinez Law Firm, LLC
FINANCIAL ADVISOR US Bancorp Piper Jaffray, Inc.
UNDERWRITER MANAGER Goldman Sachs & Company
PAYING AGENT/ESCROW AGENT First Bank of Missouri, Gladstone, MO
ESCROW VERIFICATION AGENT McGladrey & Pullen, LLP, CPA, Kansas City, MO
Maturities and Interest Rates
Year Amount Rate Year Amount Rate
2003 $ 7,275,000 4.00% 2008 $ 27,765,000 5.00%
2004 25,345,000 4.00% 2009 29,375,000 5.00%
2005 25,800,000 5.00% 2010 31,010,000 5.00%
2006 27,505,000 5.00% 2011 4,020,000 5.00%
2007 29,265,000 4.00% 2012 4,270,000 5.00%
Redemption
At the option of the Board, bonds maturing on October 1, 2013 and thereafter may be called for
redemption and payment prior to maturity on October 1 , 2012 and thereafter, in whole at any time or in
part on any interest payment date at 100% of the principal amount, together with accrued interest
thereon to the redemption date.
In the event of any such redemption, the Board, or the Bond Registrar acting on behalf of the
Board, shall give written notice of its intention to redeem and pay the bonds, said notice to be given by
United States first class, certified or registered mail addressed to the State Auditor of Missouri, to the
registered owner of any bond being redeemed, and to the manager of the underwriting group
purchasing the bonds, each of said notices to be mailed not less than thirty (30) days prior to the date
fixed for redemption.
- 144-
BOARD OF FUND COMMISSIONERS
THIRD STATE BUILDING BONDS
$211,630,000
SERIES A 2002 REFUNDING
Note
The Series A 2002 Refunding Bonds were issued to refund the following bonds:
Outstanding Principal Maturities
Series Principal Refunded Refunded
B 1991 Refunding $47,320,000 $47,320,000 2002-2012
A 1992 Refunding 181,170,000 181,170,000 2003-2010
$228,490,000
The additional principal amount of the Series A 2002 Refunding Bonds did not decrease the
amount of the statutory authorization for the Third State Building Bonds.
- 145 -
THIRD STATE BUILDING BONDS
DEBT SERVICE SCHEDULE
SERIES: A 2002 REFUNDING (Refunded B1991 Refunding, A1992 Refunding)
DATE OF ISSUE: 10/15/02
AMOUNT OF ISSUE: $21 1 ,630,000
Refunding Excess:
($1 6,860,000)
FISCAL
INTEREST
INTEREST
PRINCIPAL
ANNUAL
OUTSTANDING
YEAR
10/1
4/1
10/1
DEBT SERVICE
PRINCIPAL
2003
4,593,888.61
_
4,593,888.61
211,630,000.00
2004
4,981,325.00
4,835,825.00
7,275,000.00
17,092,150.00
204,355,000.00
2005
4,835,825.00
4,328,925.00
25,345,000.00
34,509,750.00
179,010,000.00
2006
4,328,925.00
3,683,925.00
25,800,000.00
33,812,850.00
153,210,000.00
^00/
o coo not: f\r\
2,996,300.00
27,505,000.00
34,185,225.00
125,705,000.00
2008
2,996,300.00
2,411,000.00
29,265,000.00
34,672,300.00
96,440,000.00
2009
2,411,000.00
1,716,875.00
27,765,000.00
31,892,875.00
68,675,000.00
2010
1,716,875.00
982,500.00
29,375,000.00
32,074,375.00
39,300,000.00
2011
982,500.00
207,250.00
31,010,000.00
32,199,750.00
8,290,000.00
2012
207,250.00
106,750.00
4,020,000.00
4,334,000.00
4,270,000.00
2013
106,750.00
4,270,000.00
4,376,750.00
TOTAL
26,250,675.00
25,863,238.61
211,630,000.00
263,743,913.61
- 146 -
BOARD OF FUND COMMISSIONERS
THIRD STATE BUILDING BONDS
$75,650,000
SERIES A 2003 REFUNDING
DATED
— October 29, 2003
SALE DATE
— October 7, 2003
INTEREST PAYMENT DATES -
February 1 and August 1 commencing February 1 ,
2004
PRINCIPAL PAYMENT DATE --
— - August 1 commencing August 1 , 2004
TRUE INTEREST COST
— 2.684788%
BOND COUNSEL
-— Gilmore & Bell, PC & The Martinez Law Firm, LLC
r IINrtlN(_>lrtL MUVIOUnO
Banc of America Securities, LLC & The Knight Group, Inc.
UNDERWRITER MANAGER
— - Merrill Lynch & Co.
PAYING AGENT/ESCROW AGENT -
----- UMB Bank, n.a., of Kansas City, MO
Maturities and Interest Rates
Year Amount
Rate Year Amount
Rate
2004 $ 8,585,000
6.000% 2009 $ 7,240,000
5.000%
2005 13,395,000
4.000% 2010 1,105,000
5.000%
2006 14,030,000
5.000% 2011 1,165,000
3.250%
2007 14,750,000
5.000% 2012 1,220,000
3.500%
2008 14,160,000
5.000%
Redemption
At the option of the Board, bonds maturing on August 1, 2014 and thereafter may be called for
redemption and payment prior to maturity on August 1, 2013 and thereafter, in whole at any time or in
part on any interest payment date at 100% of the principal amount, together with accrued interest
thereon to the redemption date.
In the event of any such redemption, the Board, or the Bond Registrar acting on behalf of the
Board, shall give written notice of its intention to redeem and pay the bonds, said notice to be given by
United States first class, certified or registered mail addressed to the State Auditor of Missouri, to the
registered owner of any bond being redeemed, and to the manager of the underwriting group
purchasing the bonds, each of said notices to be mailed not less than thirty (30) days prior to the date
fixed for redemption.
Note
The Series A 2003 Refunding Bonds were issued to refund the following bonds:
Outstanding Principal Maturities
Series Principal Refunded Refunded
A 1993 Refunding $79,380,000 $79,380,000 2004-2012
The additional principal amount of the Series A 2003 Refunding Bonds did not decrease the
amount of the statutory authorization for the Third State Building Bonds.
- 147-
THIRD STATE BUILDING BONDS
DEBT SERVICE SCHEDULE
SERIES: A 2003 REFUNDING (Refunded A 1 993 Refunding)
DATE OF ISSUE: 10/29/03
AMOUNT OF ISSUE: $75,650,000
Refunding Excess:
($3,730,000)
MbUAL
IN I bribb I
INTEREST
PRINCIPAL
ANNUAL
OUTSTANDING
YbAK
O H
o/l
2/1
8/1
DEBT SERVICE
PRINCIPAL
^004
944,459.86
_
944,459.86
75,650,000.00
onnc
1 ,o4/,oob.£0
1,590,306.25
8,585,000.00
12,023,162.50
67,065,000.00
2006
1,590,306.25
1,322,406.25
13,395,000.00
16,307,712.50
53,670,000.00
971,656.25
14,030,000.00
16,324,062.50
39,640,000.00
2008
971,656.25
602,906.25
14,750,000.00
16,324,562.50
24,890,000.00
2009
602,906.25
248,906.25
14,160,000.00
15,011,812.50
10,730,000.00
2010
248,906.25
67,906.25
7,240,000.00
7,556,812.50
3,490,000.00
2011
67,906.25
40,281.25
1,105,000.00
1,213,187.50
2,385,000.00
2012
40,281.25
21,350.00
1,165,000.00
1,226,631.25
1,220,000.00
2013
21,350.00
1,220,000.00
1,241,350.00
TOTAL
6,713,575.00
5,810,178.61
75,650,000.00
88,173,753.61
- 148 -
BOARD OF FUND COMMISSIONERS
FOURTH STATE BUILDING BONDS
$75,000,000 (Refunded)
SERIES A 1995
DATED April 1,1995
SALE DATE March 28, 1995
INTEREST PAYMENT DATES April 1 and October 1 commencing October 1 , 1995
PRINCIPAL PAYMENT DATE April 1 commencing April 1 , 1 996
TRUE INTEREST COST 5.61 52%
BOND COUNSEL Gilmore & Bell and Hardwick Law Firm
FINANCIAL ADVISOR A.G. Edwards & Sons
UNDERWRITER MANAGER Morgan Stanley & Co.
PAYING AGENT Bank of New York (acquired original Paying Agent,
Boatmen's Trust Co., 8/97)
AUTHORIZATION Article III, Section 37(f)
Maturities and Interest Rates
Year Amount
1996 $ 1,380,000
1997 1,480,000
1998 1,585,000
1999 1,700,000
2000 1,825,000
2001 1,915,000
2002 2,045,000
2003 2,145,000
2004 2,255,000
2005 2,370,000
2006 2,495,000
2007 2,630,000
2008 2,770,000
Redemption
At the option of the Board, bonds maturing on April 1 , 2006 and thereafter may be called for
redemption and payment prior to maturity on April 1 , 2005 and thereafter, in whole at any time or in
part on any interest payment date at redemption prices as follows:
Rate
Year
Amount
Rate
8.000%
2009
$ 2,920,000
5.400%
6.000%
2010
3,080,000
5.400%
6.000%
2011
3,260,000
5.500%
6.000%
2012
3,440,000
5.500%
6.000%
2013
3,635,000
5.600%
6.000%
2014
3,845,000
5.600%
6.000%
2015
4,065,000
5.600%
7.000%
2016
4,305,000
5.625%
7.000%
2017
4,550,000
5.625%
7.000%
2018
4,815,000
5.500%
5.125%
2019
5,095,000
5.500%
5.250%
2020
5,395,000
5.500%
5.375%
- 149 -
BOARD OF FUND COMMISSIONERS
FOURTH STATE BUILDING BONDS
$75,000,000
SERIES A 1995
(Refunded)
Redemption (continued)
Redemption Dates
Redemption
Prices
April 1 , 2005 through March 31 , 2006
April 1 , 2006 through March 31 , 2007
April 1 , 2007 and thereafter
1 02%
101%
1 00%
The bonds maturing April 1, 2020 are subject to mandatory redemption in integral multiples of
$5,000 selected by lot by the Bond Registrar, through the application of sinking fund payments at a
redemption price equal to 100% plus accrued interest thereon, on April 1 of each of the following
years in principal amounts as follows:
In the event of any redemption, the Board or Bond Registrar acting on behalf of the Board, shall
give written notice of its intention to redeem and pay the bonds by United State first class, registered
or certified mail addressed to the registered owner of the bonds to be redeemed and to the manager
of the underwriter group purchasing the bonds, each of the notices to be mailed not less than 30 days
prior to the date fixed for redemption.
On October 15, 2002, $56,300,000 of outstanding Series A 1995 Bonds were refunded with the
issuance of Series A 2002 Refunding Bonds. This amount represented only the callable portions of
the Bonds, $6,770,000 of the bonds were not refunded and remain a liability of the Board. The
proceeds of the refunding bonds were deposited in an escrow fund with First Bank of Missouri. The
money in the escrow fund is to be used to pay the principal and interest on the callable portions of the
Series A 1995 Bonds. With the deposit of these moneys in the escrow fund, the callable portions of
the Series A 1995 Bonds were legally defeased.
The Series A 1 995 Bonds maturing on April 1 , 2006 and thereafter were called for redemption on
April 1, 2005 at 102%.
Year
2018
2019
2020
$4,815,000
$5,095,000
$5,395,000
Defeasance
Call Date
- 150 -
FOURTH STATE BUILDING BONDS
DEBT SERVICE SCHEDULE
SERIES: A 1995
DATE ISSUED: 4/1/95
AMOUNT OF ISSUE: $ 75,000,000 (FY06-FY22 refunded with Series A 2002)*
rloOAL
IN I trito I
IMTCPCCT
IN I tnto I
PPIMPIDAI
rnlNOIr AL
A MMI I A 1
AN l\UAL
UU I 1 ANUIInvj
Y tAn
1 n/1
1 U/l
4/1
4/1
Utol otnVIL/t
PDIMPIP A 1
rnlNUIrAL
\ yyo
~7R nnn nnn nn
/ o,uuu,uuu.uu
\ yyo
d,\ 00,01 U.UU
t,1 00,01 U.UU
-1 oon nnn nn
1 ,ooU,UUU.UU
c. ecu non nn
0,by 1 ,U<iU.UU
70 con nnn nn
/ o,b£iU,UUU.UU
1 QQ7
i yy /
9 1 nn oh n nn
^, I UU,o I U.UU
o -i nn "^1 n nn
I UU,o I U.UU
1 Aftn nnn nn
I ,4oU,UUU.UU
c con fion nn
0,OOU,0<iU.UU
79 1 ah nnn nn
/ I 4U,UUU.UU
1998
2,055,910.00
2,055,910.00
1,585,000.00
5,696,820.00
70,555,000.00
1 QQQ
i yyy
o nnp. ocn nn
<i,UUo,ODU.UU
o nnp, o,cn nn
£l,UUO,ODU.UU
1 7nn nnn nn
I , / uu,uuu.uu
c 71R von nn
O, / ID, / £iU.UU
Rft p,^ nnn nn
DO,000,UUU.UU
2000
1,957,360.00
1,957,360.00
1,825,000.00
5,739,720.00
67,030,000.00
2001
1,902,610.00
1,902,610.00
1,915,000.00
5,720,220.00
65,115,000.00
1 Q/i^ -i cn nn
I ,040, I OU.UU
i 04c i cn nn
1 ,040, 1 DU.UU
9 n/ic nnn nn
<i,U40,UUU.UU
70c 09n nn
0, / oO,o<iU.UU
co. n7n nnn nn
oo,u/ u,uuu.uu
2003
1,783,810.00
236,950.00
2,145,000.00
4,165,760.00
4,625,000.00
2004
161,875.00
161,875.00
2,255,000.00
2,578,750.00
2,370,000.00
2005
82,950.00
82,950.00
2,370,000.00
2,535,900.00
TOTAL
16,053,855.00
14,506,995.00
18,700,000.00
49,260,850.00
*
Amount refunded :
$56,300,000
- 151 -
BOARD OF FUND COMMISSIONERS
FOURTH STATE BUILDING BONDS
$125,000,000 (Refunded)
SERIES A 1996
DATED August 1,1996
SALE DATE July 9, 1996
INTEREST PAYMENT DATES February 1 and August 1 commencing February 1 , 1997
PRINCIPAL PAYMENT DATE August 1 commencing August 1 , 1 997
TRUE INTEREST COST 5.673935%
BOND COUNSEL Kutak Rock and Hardwick Law Firm
FINANCIAL ADVISOR Boatmen's National Bank and Friedman, Luzzato & Co.
UNDERWRITER MANAGER Merrill Lynch & Co.
PAYING AGENT Bank of New York (acquired original Paying Agent,
Boatmen's Trust Co., 8/97)
AUTHORIZATION Article III, Section 37(f)
Maturities and Interest Rates
Year
Amount
Rate
Year
Amount
Rate
1997
$ 2,675,000
6.00%
2010
$ 4,830,000
5.60%
1998
2,775,000
6.00%
2011
5,090,000
5.60%
1999
2,885,000
6.00%
2012
5,370,000
5.70%
2000
3,010,000
6.00%
2013
5,665,000
5.75%
2001
3,140,000
6.00%
2014
5,980,000
5.75%
2002
3,285,000
6.00%
2015
6,315,000
5.75%
2003
3,435,000
6.00%
2016
6,670,000
5.50%
2004
3,595,000
6.00%
2017
7,050,000
5.50%
2005
3,765,000
6.00%
2018
7,445,000
5.75%
2006
3,950,000
6.25%
2019
7,865,000
5.75%
2007
4,150,000
5.20%
2020
8,315,000
5.75%
2008
4,360,000
5.30%
2021
8,790,000
5.50%
2009
4,590,000
5.40%
Redemption
At the option of the Board, bonds maturing on August 1 , 2007 and thereafter may be called for
redemption and payment prior to maturity on August 1 , 2006 and thereafter, in whole at any time or in
part on any interest payment date at 100% of the principal amount, together with accrued interest
thereon to the redemption date.
- 152 -
BOARD OF FUND COMMISSIONERS
FOURTH STATE BUILDING BONDS
$125,000,000 (Refunded)
SERIES A 1996
Redemption (continued)
In the event of any such redemption, the Board, or the Bond Registrar acting on behalf of the
Board, shall give written notice of its intention to redeem and pay the bonds, said notice to be given by
United States first class, certified or registered mail addressed to the State Auditor of Missouri, to the
registered owner of any bond being redeemed, and to the manager of the underwriting group
purchasing the bonds, each of said notices to be mailed not less than thirty (30) days prior to the date
fixed for redemption.
These bonds are book entry only.
Defeasance
On October 15, 2002, $92,485,000 of outstanding Series A 1996 Bonds were refunded with the
issuance of Series A 2002 Refunding Bonds. This amount represented only the callable portions of
the Bonds, $14,745,000 of the bonds were not refunded and remain a liability of the Board. The
proceeds of the refunding bonds were deposited in an escrow fund with First Bank of Missouri. The
money in the escrow fund is to be used to pay the principal and interest on the callable portions of the
Series A 1996 Bonds. With the deposit of these moneys in the escrow fund, the callable portions of
the Series A 1996 Bonds were legally defeased.
On June 29, 2005, $7,715,000 of the Series A 1996 Bonds were refunded with the issuance of
Series A 2005 Refunding Bonds. The proceeds of the refunding bonds were deposited in an escrow
fund with UMB Bank. The money in the escrow fund is to be used to pay the principal and interest on
the Series A 1996 Bonds. With the deposit of these moneys in the escrow fund, the Series A 1996
Bonds were legally defeased.
Call Date
The Series A 1996 Bonds maturing on August 1, 2007 and thereafter will be called for
redemption on August 1 , 2006 at 1 00%.
- 153 -
FOURTH STATE BUILDING BONDS
DEBT SERVICE SCHEDULE
SERIES: A 1996
DATE ISSUED: 8/1/96 (FY06-FY07 refunded with Series A 2005)**
AMOUNT OF ISSUE: $125,000,000 (FY08-FY22 refunded with Series A 2002)*
rloOAL
IMTCPCCT
IN I tnto 1
IN I tnto 1
DPIMPIDA I
A MM 1 1 A 1
AN NUAL
UU I I ANUINvja
YtAn
O/l
<LI\
Q/1
o/l
Utol otnVIL/t
PDIMPIP A 1
1 QQ7
0,0 / o, I OD.^iO
Q ^7Q 1 ^fi
1 9^ nnn nnn nn
I *iO,UUU,UUU.UU
1998
3,573,156.25
3,492,906.25
2,675,000.00
9,741,062.50
122,325,000.00
1 QQQ
0,4 y^,yuD.^_o
Q AC\0, fif^fi OG.
o,*fU57 ,DOD.£_0
o 77c; nnn nn
q R77 rro Rn
1 1 q ^n nnn nn
2000
3,409,656.25
3,323,106.25
2,885,000.00
9,617,762.50
116,665,000.00
2001
3,323,106.25
3,232,806.25
3,010,000.00
9,565,912.50
113,655,000.00
onno
o ooo one
o,1 oo,dUd.£:0
1 /i a nnn
o,14U,UUU.UU
y,oi 1 ,41 ^.ou
1 1 n c nnn nn
onnQ
q -i qq £n£ oc;
/M7 9Q7 I^H
q oqc; nnn nn
£ Q7n QQQ 7£
i a ~7A nnn nn
1 4, / 40,UUU.UU
2004
447,287.50
344,237.50
3,435,000.00
4,226,525.00
11,310,000.00
2005
344,237.50
236,387.50
3,595,000.00
4,175,625.00
TOTAL
20,961,762.50
21,198,150.00
24,800,000.00
66,959,912.50
* Amount refunded :
$92,485,000
** Amount refunded :
$7,715,000
-154-
BOARD OF FUND COMMISSIONERS
FOURTH STATE BUILDING BONDS
$50,000,000 (Refunded)
SERIES A 1998
DATED June 1,1998
SALE DATE June 9, 1998
INTEREST PAYMENT DATES December 1 and June 1 commencing December 1 , 1998
PRINCIPAL PAYMENT DATE June 1 commencing June 1 , 1999
TRUE INTEREST COST 4.8772%
BOND COUNSEL Kutak Rock and Hardwick Law Firm
FINANCIAL ADVISOR NationsBank, N.A.
UNDERWRITER MANAGER A.G. Edwards & Sons
PAYING AGENT UMB Bank of Kansas City
AUTHORIZATION Article III, Section 37(f)
Maturities and Interest Rates
Year Amount
1999 $ 1,150,000
2000 1,190,000
2001 1,235,000
2002 1,285,000
2003 1,335,000
2004 1,390,000
2005 1 ,445,000
2006 1,505,000
2007 1,570,000
2008 1,635,000
2009 1,710,000
2010 1,785,000
2011 1,865,000
Redemption
At the option of the Board, bonds maturing on June 1, 2009 and thereafter may be called for
redemption and payment prior to maturity on June 1, 2008 and thereafter, in whole at any time or in
part on any interest payment date at 100% of the principal amount, together with accrued interest
thereon to the redemption date.
Rate
Year
Amount
Rate
5.000%
2012
$ 1,950,000
4.625%
6.250%
2013
2,045,000
4.700%
6.250%
2014
2,145,000
4.750%
6.250%
2015
2,245,000
4.800%
6.250%
2016
2,355,000
4.850%
6.250%
2017
2,475,000
4.875%
5.125%
2018
2,600,000
5.000%
4.250%
2019
2,730,000
5.000%
4.250%
2020
2,865,000
4.500%
4.300%
2021
3,010,000
5.000%
5.000%
2022
3,160,000
5.000%
4.500%
2023
3,320,000
5.000%
4.600%
- 155 -
BOARD OF FUND COMMISSIONERS
FOURTH STATE BUILDING BONDS
$50,000,000
SERIES A 1998
(Refunded)
Redemption (continued)
The bonds maturing June 1, 2023 are subject to mandatory redemption in integral multiples of
$5,000 selected by lot by the Bond Registrar, through the application of sinking fund payments at a
redemption price equal to 100% plus accrued interest thereon, on April 1 of each of the following
years in principal amounts as follows:
In the event of any redemption, the Board or Bond Registrar acting on behalf of the Board, shall
give written notice of its intention to redeem and pay the bonds by United State first class, registered
or certified mail addressed to the registered owner of the bonds to be redeemed and to the manager
of the underwriter group purchasing the bonds, each of the notices to be mailed not less than 30 days
prior to the date fixed for redemption.
On June 29, 2005, $40,970,000 of the Series A 1998 Bonds were refunded with the issuance of
Series A 2005 Refunding Bonds. The proceeds of the refunding bonds were deposited in an escrow
fund with UMB Bank. The money in the escrow fund is to be used to pay the principal and interest on
the Series A 1998 Bonds. With the deposit of these moneys in the escrow fund, the Series A 1998
Bonds were legally defeased.
Year
2021
2022
2023 (maturity)
$3,010,000
$3,160,000
$3,320,000
Defeasance
- 156 -
FOURTH STATE BUILDING BONDS
DEBT SERVICE SCHEDULE
SERIES: A 1998
DATE ISSUED: 6/1/98
AMOUNT OF ISSUE: $50,000,000
FISCAL
YEAR
1998
1999
2000
2001
2002
2003
2004
2005
INTEREST
12/1
1,243,550.00
1,214,800.00
1,177,612.50
1,139,018.75
1,098,862.50
1,057,143.75
1,013,706.25
INTEREST
6/1
1 ,243.
1,214.
1,177.
1 ,139,
1,098.
1,057.
1,013,
550.00
800.00
612.50
018.75
862.50
143.75
706.25
(FY06-FY23 refunded with Series A 2005)*
PRINCIPAL
6/1
1,150.
1,190,
1,235.
1,285.
1,335.
1,390.
1 ,445.
000.00
000.00
000.00
000.00
000.00
000.00
000.00
ANNUAL
DEBT SERVICE
3,637.
3,619.
3,590.
3,563
3,532.
3,504.
3,472.
100.00
600.00
225.00
037.50
725.00
287.50
412.50
OUTSTANDING
PRINCIPAL
50,000,000.00
48,850,000.00
47,660,000.00
46,425,000.00
45,140,000.00
43,805,000.00
42,415,000.00
TOTAL
7,944,693.75
7,944,693.75
9,030,000.00
24,919,387.50
Amount refunded :
$40,970,000
-157-
BOARD OF FUND COMMISSIONERS
FOURTH STATE BUILDING BONDS
$154,840,000 (Refunded)
SERIES A 2002 REFUNDING
DATED October 15, 2002
SALE DATE September 26, 2002
INTEREST PAYMENT DATES April 1 and October 1 commencing April 1 , 2003
PRINCIPAL PAYMENT DATE October 1 commencing October 1 , 2006
TRUE INTEREST COST 3.431 555%
BOND COUNSEL Gilmore & Bell, PC & The Martinez Law Firm, LLC
FINANCIAL ADVISOR US Bankcorp Piper Jaffray, Inc.
UNDERWRITER MANAGER Goldman Sachs & Company
PAYING AGENT/ESCROW AGENT First Bank of Missouri, Gladstone, MO
ESCROW VERIFICATION AGENT McGladrey & Pullen, LLP, CPA, Kansas City, MO
Maturities and Interest Rates
Year
Amount
Rate
Year
Amount
Rate
2003
$
2013
$ 10,295,000
3.375%
2004
2014
10,720,000
5.000%
2005
2015
11,265,000
5.000%
2006
1,470,000
5.000%
2016
11,835,000
5.000%
2007
7,780,000
4.000%
2017
12,450,000
5.000%
2008
8,130,000
5.000%
2018
13,095,000
5.000%
2009
8,540,000
5.000%
2019
13,700,000
4.125%
2010
8,970,000
5.000%
2020
8,460,000
4.250%
2011
9,415,000
5.000%
2021
8,830,000
4.500%
2012
9,885,000
5.000%
Redemption
At the option of the Board, bonds maturing on October 1, 2013 and thereafter may be called for
redemption and payment prior to maturity, on October 1 , 2012 and thereafter, in whole at any time or in
part on any interest payment date, in any order of maturity (bonds of less than a full maturity to be
selected by lot by the Bond Registrar in such equitable manner as it shall designate), at a redemption
price equal to 100% of the principal amount thereof, together with accrued interest thereon to the
redemption date.
In the event of any such redemption, the Board, or the Bond Registrar acting on behalf of the
Board, shall give written notice of its intention to redeem and pay the bonds, said notice to be given by
United States first class, certified or registered mail addressed to the State Auditor of Missouri, to the
registered owner of any bond being redeemed, and to the manager of the underwriting group
purchasing the bonds, each of said notices to be mailed not less than thirty (30) days prior to the date
fixed for redemption.
- 158 -
BOARD OF FUND COMMISSIONERS
FOURTH STATE BUILDING BONDS
$154,840,000 (Refunded)
SERIES A 2002 REFUNDING
Note
The Series A 2002 Refunding Bonds were issued to refund the callable portions of the following
bonds:
Outstanding Principal Maturities
Series Principal Refunded Refunded
A 1995 $63,070,000 $56,300,000 2006-2020
A 1996 107,230,000 92,485,000 2007-2021
$148,785,000
The additional principal amount of the Series A 2002 Refunding Bonds did not decrease the
amount of the statutory authorization for the Fourth State Building Bonds.
Defeasance
On July 27, 2010, $8,970,000 of outstanding Series A 2002 Refunding Bonds were refunded with
the issuance of Series A 2010 Refunding Bonds. The proceeds of the refunding bonds were deposited
in an escrow fund with UMB Bank. The money in the escrow fund is to be used to pay the principal
and interest on the Series A 2002 Refunding Bonds. With the deposit of these moneys in the escrow
fund, the 2010 maturities of the Series A 2002 Refunding Bonds were legally defeased.
On September 27, 2012, $110,535,000 of outstanding Series A 2002 Refunding Bonds were
refunded with the issuance of Series A 2012 Refunding Bonds. The proceeds of the refunding bonds
were deposited in an escrow fund with UMB Bank. The money in the escrow fund is to be used to pay
the principal and interest on the Series A 2002 Refunding Bonds. With the deposit of these moneys in
the escrow fund, the Series A 2002 Refunding Bonds were legally defeased.
- 159 -
FOURTH STATE BUILDING BONDS (Refunded A 1995, A 1996)
DEBT SERVICE SCHEDULE (FY1 1 refunded with Series A 2010)*
SERIES: A 2002 REFUNDING (FY13-FY21 refunded with Series A 2012)
DATE ISSUED: 10/15/02
\MOUNT OF ISSUE: $154,840,000
Refunding Excess:
$6,055,000
CIO/" 1 A 1
IMTC D COX
IN I bnbo I
INTEREST
PRINCIPAL
ANNUAL
OUTSTANDING
YbAK
4/1
10/1
DEBT SERVICE
PRINCIPAL
nnno
3,352,015.52
_
3,352,015.52
154,840,000.00
O CO A ~7^ C CO
o,oo4, /l O.bo
3,634,715.63
_
7,269,431.26
154,840,000.00
o,bo4, / 1 O.DO
3,634,715.63
_
7,269,431.26
154,840,000.00
2006
3,634,715.63
3,634,715.63
_
7,269,431.26
154,840,000.00
2007
3 634 71 5 63
3,597,965.63
1,470,000.00
8,702,681.26
153,370,000.00
2008
3,597,965.63
3,442,365.63
7,780,000.00
14,820,331.26
145,590,000.00
2009
3,442,365.63
3,239,115.63
8,130,000.00
14,811,481.26
137,460,000.00
2010
3,239,115.63
3,025,615.63
8,540,000.00
14,804,731.26
119,950,000.00
2011
2,801,365.63
2,801,365.63
5,602,731.26
119,950,000.00
2012
2,801,365.63
2,565,990.63
9,415,000.00
14,782,356.26
110,535,000.00
2013
TOTAL
30,421,040.67
32,928,581.19
35,335,000.00
98,684,621.86
* Refunded Amount: $8,970,000
** Refunded Amount: $110,535,000
- 160 -
BOARD OF FUND COMMISSIONERS
STORMWATER CONTROL BONDS
$20,000,000 (Refunded)
SERIES A 1999
DATED October 1 , 1 999
SALE DATE September 28, 1 999
INTEREST PAYMENT DATES April 1 and October 1 commencing April 1 , 2000
PRINCIPAL PAYMENT DATE October 1 commencing October 1 , 2000
TRUE INTEREST COST 5.399534%
BOND COUNSEL Hardwick Law Firm and McDowell, Rice, Smith & Gaar
FINANCIAL ADVISOR Banc of America Securities, LLC
UNDERWRITER MANAGER Banc of America Securities, LLC and Associates
PAYING AGENT UMB Bank of Kansas City
AUTHORIZATION Article III, Section 37(h)
Maturities and Interest Rates
Year Amount Rate Year Amount Rate
2000 $ 445,000 5.650% 2013 $ 780,000 5.200%
2001 460,000 5.000% 2014 820,000 5.250%
2002 480,000 5.850% 2015 860,000 5.300%
2003 500,000 7.500% 2016 905,000 5.375%
2004 520,000 6.500% 2017 950,000 5.400%
2005 540,000 4.500% 2018 1,000,000 5.450%
2006 565,000 4.600% 2019 1,055,000 5.500%
2007 590,000 4.700% 2020 1,110,000 5.500%
2008 615,000 5.625% 2021 1,165,000 5.500%
2009 645,000 5.625% 2022 1,225,000 5.500%
2010 675,000 4.950% 2023 1,290,000 5.500%
2011 705,000 5.050% 2024 1,360,000 5.500%
2012 740,000 5.150%
Redemption
At the option of the Board, bonds maturing on October 1, 2010 and thereafter may be called for
redemption and payment prior to maturity on October 1, 2009 and thereafter, in whole at any time or
in part on any interest payment date at 100% of the principal amount, together with accrued interest
thereon to the redemption date.
- 161 -
BOARD OF FUND COMMISSIONERS
STORMWATER CONTROL BONDS
$20,000,000
SERIES A 1999
(Refunded)
Redemption (continued)
The bonds maturing October 1, 2024 are subject to mandatory redemption in integral multiples
of $5,000 selected by lot by the Bond Registrar, through the application of sinking fund payments at a
redemption price equal to 100% plus accrued interest thereon, on October 1 of each of the following
years in principal amounts as follows:
In the event of any such redemption, the Board, or the Bond Registrar acting on behalf of the
Board, shall give written notice of its intention to redeem and pay the bonds, said notice to be given by
United States first class, certified or registered mail addressed to the State Auditor of Missouri, to the
registered owner of any bond being redeemed, and to the manager of the underwriting group
purchasing the bonds, each of said notices to be mailed not less than thirty (30) days prior to the date
fixed for redemption.
On June 29, 2005, $17,595,000 of the Series A 1999 Bonds were refunded with the issuance of
Series A 2005 Refunding Bonds. The proceeds of the refunding bonds were deposited in an escrow
fund with UMB Bank. The money in the escrow fund is to be used to pay the principal and interest on
the Series A 1999 Bonds. With the deposit of these moneys in the escrow fund, the Series A 1999
Bonds were legally defeased.
Year
2022
2023
2024 (maturity)
$1,225,000
$1,290,000
$1,360,000
Defeasance
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STORMWATER CONTROL BONDS
DEBT SERVICE SCHEDULE
SERIES: A 1999
DATE ISSUED: 10/1/99
AMOUNT OF ISSUE: $20,000,000 (FY 06-FY25 Refunded with A 2005)
FISCAL INTEREST INTEREST PRINCIPAL ANNUAL OUTSTANDING
YEAR 10/1 4/1 10/1 DEBT SERVICE PRINCIPAL
2000 - 541,461.88 - 541,461.88 20,000,000.00
2001 541,461.88 528,890.63 445,000.00 1,515,352.51 19,555,000.00
2002 528,890.63 517,390.63 460,000.00 1,506,281.26 19,095,000.00
2003 517,390.63 503,350.63 480,000.00 1,500,741.26 18,615,000.00
2004 503,350.63 484,600.63 500,000.00 1,487,951.26 18,115,000.00
2005 484,600.63 467,700.63 520,000.00 1,472,301.26 -
TOTAL 2,575,694.40 3,043,395.03 2,405,000.00 8,024,089.43
Amount Refunded: $17,595,000
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BOARD OF FUND COMMISSIONERS
STORMWATER CONTROL BONDS
$10,000,000 (Refunded)
SERIES A 2001
DATED June 1,2001
SALE DATE May 31, 2001
INTEREST PAYMENT DATES June 1 and December 1 commencing December 1 , 2001
PRINCIPAL PAYMENT DATE June 1 commencing June 1 , 2002
TRUE INTEREST COST 4.942021%
BOND COUNSEL Hardwick Law Firm and McDowell, Rice, Smith & Gaar
FINANCIAL ADVISOR Griffin, Kubik, Stephens & Thompson, Inc.
UNDERWRITER MANAGER UBS Paine-Webber, Inc.
PAYING AGENT UMB Bank, n.a., of Kansas City, MO
AUTHORIZATION Article III, Section 37(h)
Maturities and Interest Rates
Year Amount
2002 $ 235,000
2003 245,000
2004 250,000
2005 260,000
2006 270,000
2007 280,000
2008 290,000
2009 300,000
2010 315,000
2011 325,000
2012 340,000
2013 355,000
2014 370,000
Redemption
At the option of the Board, bonds maturing on June 1, 2012 and thereafter may be called for
redemption and payment prior to maturity on June 1, 2011 and thereafter, in whole at any time or in
part on any interest payment date at 100% of the principal amount, together with accrued interest
thereon to the redemption date.
Rate
Year
4.000%
2015
4.000%
2016
4.000%
2017
4.000%
2018
4.125%
2019
4.250%
2020
4.000%
2021
7.000%
2022
7.000%
2023
5.000%
2024
4.500%
2025
4.600%
2026
4.700%
Amount
Rate
$ 390,000
4.75%
405,000
4.75%
425,000
5.00%
450,000
5.00%
470,000
5.00%
495,000
5.00%
520,000
5.00%
545,000
5.00%
570,000
5.00%
600,000
5.00%
630,000
5.00%
665,000
5.00%
-164-
BOARD OF FUND COMMISSIONERS
STORMWATER CONTROL BONDS
$10,000,000 (Refunded)
SERIES A 2001
Mandatory Sinking Fund Redemption
The bonds maturing June 1, 2023 and June 1, 2026, shall be subject to mandatory redemption
at par plus accrued interest to the date of redemption on the following dates and in the following
principal amounts:
June 1, 2023 Term Bond
Redemption Dates Principal Amount
June 1,2022 $545,000
(Leaving $570,000 to mature on its stated maturity on June 1 , 2023)
June 1, 2026 Term Bond
Redemption Dates Principal Amount
June 1,2024 $600,000
June 1,2025 $630,000
(Leaving $665,000 to mature on its stated maturity on June 1 , 2026)
In the event of any such redemption, the Board, or the Bond Registrar acting on behalf of the
Board, shall give written notice of its intention to redeem and pay the bonds, said notice to be given by
United States first class, certified or registered mail addressed to the State Auditor of Missouri, to the
registered owner of any bond being redeemed, and to the manager of the underwriting group
purchasing the bonds, each of said notices to be mailed not less than thirty (30) days prior to the date
fixed for redemption.
Defeasance
On August 1 , 2007, $235,000 of outstanding Series A 2001 Bonds were legally defeased.
On July 27, 2010, $7,320,000 of outstanding Series A 2001 Bonds were refunded with the
issuance of Series A 2010 Refunding Bonds. The proceeds of the refunding bonds were deposited in
an escrow fund with UMB Bank. The money in the escrow fund is to be used to pay the principal and
interest on the Series A 2001 Bonds. With the deposit of these moneys in the escrow fund, the Series
A 2001 Bonds were legally defeased.
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STORMWATER CONTROL BONDS
DEBT SERVICE SCHEDULE
SERIES: A 2001
DATE ISSUED: 6/1/01
AMOUNT OF ISSUE: $10,000,000
(FY1 1-FY26 refunded with Series A 2010)*
(FY26 was partially defeased in FY2008)**
FISCAL
INTEREST
INTEREST
PRINCIPAL
ANNUAL
OUTSTANDING
YEAR
12/1
6/1
6/1
DEBT SERVICE
PRINCIPAL
2001
-
-
-
-
10,000,000.00
2002
244,410.00
244,410.00
235,000.00
723,820.00
9,765,000.00
2003
239,710.00
239,710.00
245,000.00
724,420.00
9,520,000.00
2004
234,810.00
234,810.00
250,000.00
719,620.00
9,270,000.00
2005
229,810.00
229,810.00
260,000.00
719,620.00
9,010,000.00
2006
224,610.00
224,610.00
270,000.00
719,220.00
8,740,000.00
2007
219,041.25
219,041.25
280,000.00
718,082.50
8,460,000.00
2008
207,216.25
207,216.25
290,000.00
704,432.50
7,935,000.00
2009
201,416.25
201,416.25
300,000.00
702,832.50
7,635,000.00
2010
190,916.25
190,916.25
315,000.00
696,832.50
7,320,000.00
2011
TOTAL
1,991,940.00
1,991,940.00
2,445,000.00
6,428,880.00
Refunded Amount:
Defeased Amount:
$7,320,000
$235,000
- 166 -
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